HILLSBORO, Ore., Oct. 27, 2015 (GLOBE NEWSWIRE) -- FEI Company (FEIC) and DCG Systems, Inc. today announced a definitive agreement under which FEI would acquire DCG for $160 million in an all cash transaction. DCG is a leading supplier of electrical fault characterization, localization and editing equipment, serving process development, yield ramp and failure analysis applications for a wide range of semiconductor and electronics manufacturers. Headquartered in Fremont, California, DCG is a profitable private company and was the recipient of Deloitte’s Technology Fast 500 award in 2013 and 2014.
The transaction is expected to close by the end of 2015 and is subject to certain regulatory approvals and customary closing conditions.
Safe Harbor Statement
This news release contains forward-looking statements that include statements regarding growth expectations, market opportunities and earnings from the acquisition of DCG by FEI. Factors that could affect these forward-looking statements include but are not limited to failure of the electrical failure analysis market to grow as expected, failure of the products and technology to perform as expected and achieve anticipated results, problems in integrating the operations of DCG and FEI, potential intellectual property issues in electrical failure analysis, and failure of the combined company sales and distribution organization to successfully sell products. Investors should also refer to our Form 10-K, Forms 10-Q, Forms 8-K and other filings with the U.S. Securities and Exchange Commission for additional information on these factors and other factors that could cause actual results to differ materially from the forward-looking statements. FEI assumes no duty to update forward-looking statements.
About FEI
FEI Company (FEIC) designs, manufactures and supports a broad range of high-performance microscopy workflow solutions that provide images and answers at the micro-, nano- and picometer scales. Its innovation and leadership enable customers in industry and science to increase productivity and make breakthrough discoveries. Headquartered in Hillsboro, Ore., USA, FEI has over 2,800 employees and sales and service operations in more than 50 countries around the world. More information can be found at: www.fei.com.
About DCG
DCG Systems, Inc. is the industry’s leading supplier of electrical fault characterization, localization and editing equipment, serving process development, yield ramp and failure analysis applications for a wide range of semiconductor and electronics manufacturers. With more than 1500 systems deployed worldwide, DCG Systems serves customers worldwide from its headquarters in Fremont, California and field offices in the United States, Japan, Taiwan, Korea, Malaysia, Singapore, Israel and Germany. For more information about DCG Systems, visit www.dcgsystems.com.