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Orbotech Acquires New System |
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Written by Tracy Heffner
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Monday, 14 May 2007 |
YAVNE, Israel – Orbotech Ltd., a maker of testing equipment used to manufacture printed circuit boards and flat-panel displays, has agreed to purchase privately held New System Srl, which makes inkjet printing equipment for the bare printed circuit board industry.
According to a new release, New System will be integrated into Orbotech’s PCB division.
Orbotech will pay US$7.8 million to New System investors for all the company's outstanding shares. In addition, New System will have about US$5.4 million in debt following the acquisition, including about US$1.4 million in stockholder loans that will be repaid after the closing.
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