Camtek to acquire FormFactor’s FRT Metrology business for $100M in cash

Camtek (CAMT), together with FormFactor (FORM), are pleased to announce that they have entered into an agreement for the acquisition by Camtek of FormFactor’s FRT Metrology business for $100M in cash, subject to customary purchase price adjustments. FRT, headquartered in Bergisch Gladbach, Germany, is a leading supplier of high-precision metrology solutions for the Advanced Packaging and Silicon Carbide markets. The transaction is expected to close in Q4 2023, subject to the satisfaction of customary closing conditions. “We welcome FRT and its employees to the Camtek family,” said Mr. Rafi Amit, Camtek’s CEO. “We expect this acquisition to solidify Camtek’s leading market position and contribute over $30 million to the annual revenues in 2024 and be accretive within 12 months following the acquisition. Beyond the immediate financial contribution, we expect further synergies that will contribute to Camtek’s overall growth prospects in 2024 and beyond. We look forward to capturing a larger share of the unique growth opportunities ahead of us.”