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YAVNE, ISRAEL– Orbotech Ltd. announced that it has finalized its acquisition of Photon Dynamics Inc. for nearly $290 million. As part of the agreement, Orbotech will pay $15.60 per share for all issued and outstanding shares of Photon’s common stock. A combination of external-source financing and internally generated funds financed the acquisition, and Orbotech is expecting additional flat panel display (FPD) revenues of $45 to $50 million for the remainder of the year. Operational synergies are predicted at $15 to $20 million for 2009. Existing Photon business will comprise part of the company’s FPD Division, and Orbotech plans to expand the range of AOL, test and repair solutions for FPD manufacturers.

ENDICOTT, NY– Endicott Interconnect Technologies, Inc. (EI) has promoted Jennifer de Souza to vice president of supply chain management. Her responsibilities will include developing and executing direct and indirect materials procurement strategies using lean principles such as JIT and Consignment. She will also lead the way in streamlining the company’s supply chain by implementing the SAP toolset. de Souza has 10 years of experience in global materials management and strategic sources. Prior to joining EI in 2007, she was the global materials manager for Welch Allyn.

JAPAN and TAIWAN– Capacity increases by Union Tool of Japan and Topoint of Taiwan have lead market watchers to predict continued competition of shares in the PCB drill bit market for 2009. Union Tool plans to increase its monthly output to 35 million units by the end of 2008. This will be an increase of 4 million against 2007 figures. Topoint expects monthly figures over 17 million by the end of the year, up 30% from 2007. The company also predicts its global market share to reach 17% to 18% by the end of 2008.

TAIPEI – Taiwan Union Technology Corp. this week responded to a competitor’s allegations of patent infringement with a stern denial.

Read more: TUC Rebuts Isola Patent Infringement Allegations

SHANGHAI, CHINA– Trace Laboratories, Inc. has opened a laboratory for complete testing solutions for OEMs and their suppliers. The lab supports material analysis, functionality, design validation, dimensional measurements and process validation testing. Trace sees the new facility as an “important step in assisting customers with their product validation in a timely fashion.” The lab is in a high-growth market, with production geared for the global marketplace. Trace believes this will save its customers time and money by removing the need to ship products prior to qualification.

GITTELDE, GERMANY– Andreas Ebeling has resigned as managing director of FUBA PRINTED CIRCUITS GMBH for undisclosed reasons.

Fab News

Orbotech Finalizes Photon Purchase

EI Promotes de Souza

PCB Drill Bit Market Driving Up Shares

TUC Rebuts Isola Patent Infringement Allegations

Trace Lab Opens Shanghai Facility

FUBA Management Upheaval

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