Camtek to Sell PCB Biz to Private Equity Fund

摘要

MIGDAL HAEMEK, ISRAEL - Camtek on Jul. 20 announced a definitive agreement to sell its PCB business for $35 million to a Chinese private equity fund. Principle Capital will pay $32 million in cash upon closing and an additional amount of up to $3 million based on the PCB business' financial performance in 2018. The worldwide PCB organization is expected to remain intact, including the R&D operations, which are planned to continue operating from Israel with its Israeli personnel, Camtek said in a release.