With Topwin Acquisition, ESI Drills Deeper into China

摘要

Electro Scientific Industries has signed a definitive agreement to acquire Wuhan Topwin Optoelectronics Technology for an undisclosed amount. The deal, which is subject to customary government approvals, is expected to close in the first quarter 2015. Topwin is a developer of midrange laser technology for ITO patterning, PCB cutting, welding, and other marking and cutting applications. The acquisition of the Wuhan, Hubei Province-based company gives ESI a low-cost option for selling to the China market.