KLIC - Kulicke & Soffa to expand competencies and market presence

• Kulicke and Soffa Industries ( NASDAQ: KLIC ) subsidiary Kulicke and Soffa Luxembourg has signed a definitive agreement for the acquisition of Advanced Jet Automation, which at closing will own designated dispensing assets and the dispensing business of its affiliate, Samurai Spirit.
• When completed, the acquisition will enhance the Company's existing semiconductor, electronic assembly and advanced display portfolio while also providing new access to the broader dispensing market.
• The dispensing equipment market is expected to approach $2B in calendar year 2023, providing K&S with new growth opportunities.
• The acquisition is expected to close in the Q2 of the Company's fiscal 2023.

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