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Electro Scientific to Buy New Wave Research for $36M

Written by Administrator
Thursday, 05 July 2007
PORTLAND, OR – Electro Scientific Industries agreed to acquire privately held New Wave Research Inc. for $36 million in cash. ESI will enter into the sapphire wafer scribing market with the purchase. The acquisition of Fremont, CA-based New Wave is expected to be about breakeven in 2008, ESI said in a statement. No other terms of the agreement were disclosed.

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