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Veeco acquires Epiluvac to penetrate into high growth SiC equipment market
The Fly

Veeco acquires Epiluvac to penetrate into high growth SiC equipment market

Veeco Instruments announced that on January 31, 2023, it acquired Epiluvac AB, a privately held manufacturer of chemical vapor deposition epitaxy systems that enable advanced silicon carbide, SiC, applications in the electric vehicle market. Epiluvac, based in Sweden, was founded in 2013 by a highly experienced team in SiC. Epiluvac’s technology platform combined with Veeco’s global go-to-market capabilities create a significant long-term growth driver for Veeco. "The Epiluvac team has developed a superior platform and process know-how aligned with markets that are a great strategic fit for Veeco," said Bill Miller, Veeco’s Chief Executive Officer. "Their well-designed CVD platform achieves high productivity, is easy to maintain and has superior process control capability that make it uniquely qualified to produce devices that enable lighter, smaller and more efficient power conversion systems. We see this acquisition as a great complement to our metal organic chemical vapor deposition epitaxy product line. This acquisition accelerates our penetration into the emerging, high-growth SiC equipment market by reducing our time to market."

Published first on TheFly

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