Mergers & Acquisitions ·
Axcelis expects merger with Veeco to close by end of Q1 2027 pending regulatory approvals
ACLSAxcelis Technologies Inc
Axcelis Technologies updated the expected closing timeline for its all-stock merger with Veeco Instruments, now anticipating completion by the end of the first quarter of 2027. The transaction remains subject to customary closing conditions, including pending approval from China's State Administration for Market Regulation and a new Hart-Scott-Rodino Act submission following the expiry of current clearance. Under the agreement, each Veeco share converts into 0.3575 Axcelis shares at closing. Axcelis designs, manufactures, and supports ion implantation systems for semiconductor manufacturing.