Mergers & Acquisitions ·
Axcelis and Veeco expect merger to close by end of Q1 2027 pending regulatory approvals
VECOVeeco Instruments Inc
Veeco Instruments Inc. and Axcelis Technologies have updated the expected closing timeline for their previously announced all-stock merger, now anticipating completion by the end of the first quarter of 2027. The transaction remains subject to customary closing conditions, including pending regulatory approval from China's State Administration for Market Regulation (SAMR) and a new Hart-Scott-Rodino Act submission due to the expiry of current clearance. Under the agreement, each Veeco share converts into 0.3575 Axcelis shares. Veeco Instruments Inc. is an innovative manufacturer of semiconductor process equipment.