CCMP - CMC Materials acquire International Test Solutions for $125M

CMC Materials (CCMP) to acquire International Test Solutions ((ITS)) for $125M in cash.Headquartered in Reno, Nevada, a leader in the design and production of innovative and supplying to semiconductor manufacturers globally, ITS will become part of the company’s Electronic Materials business segment. “ITS is a great addition to our Electronic Materials business segment, bringing their advantaged technology positions and exposure to attractive growth trends in the semiconductor industry. Back-end processes are evolving to meet the increasing complexity of semiconductor devices, and ITS is at the center of this evolution, delivering significant value to customers by enhancing operational yields and production line efficacy,” said Dann Woodland, Vice President and President of Electronic Materials. Transaction expects to be completed in April 2021.

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CMC Materials acquire International Test Solutions for $125M