Orbotech sales up 25% to $250 Million
8 May, 2018
KLA-Tencor is about to acquire Orbotech for $3.4 billion. Orbotech also announced that it has received orders totaling approximately $50 million from Taipei-based Career Technology
In the wake of its merger with KLA Tencor, Orbotech from Yavne, Israel, demonstrated an impressive 25% growth in Q1 2018. The company reported today that revenues for the first quarter of 2018 totaled $250.6 million, compared with $187.6 million in the first quarter of 2017.
Orbotech also expects second quarter 2018 revenue to be in the range of $250 million to $265 million based on current expectations of product mix. In March 19, 2018 KLA-Tencor and Orbotech announced they have entered into a definitive agreement pursuant to which KLA-Tencor will acquire Orbotech for $3.4 billion in cash and common stocks. The acquisition will diversify KLA-Tencor’s revenue base and add $2.5 billion of addressable market in the high-growth printed circuit board (PCB), flat panel display (FPD), packaging, and semiconductor manufacturing.
New $50 Million Order
Orbotech covers many aspects in the production of Electronics. During the first quarter its revenues from the Company’s printed circuit board (PCB) business were $87.1 million (including $53.3 million in equipment sales). Revenues from the flat panel display (FPD) business were $80.6 million (imcluding $69.1 million in equipment sales) and revenues from the semiconductor device (SD) business were $78.6 million ($67.2 million in equipment sales).
Separately, Orbotech announced that it has received orders totaling approximately $50 million from Taipei-based Career Technology, a worldwide manufacturer of flexible printed circuit (FPC) PCBs, for a range of solutions for liquid-crystal polymer FPC production. These solutions will be implemented in Career’s new FPC production lines for the manufacture of smartphone flexible components. Delivery is scheduled to begin during the second quarter of 2018 and to be completed by the end of 2018.