Kulicke & Soffa Acquisition of Assembléon
Kulicke & Soffa announced their acquisition of Assemblion. The all-cash transaction, valued at approximately $98 million, closed on January 9, 2015.
Kulicke & Soffa is a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, and are based in Singapore.
Based in The Netherlands, Assembléon were originally part of Philips Electronics Netherlands and now provide assembly equipment, processes and services for the SMT & backend semiconductor market.
Assembléon were represented by Atlas Tax Lawyers, a boutique tax law firm located in Amsterdam. Their team was led by partner Bas Leensma, and performed as a tax adviser to the acquired firm.
“We are extremely pleased to welcome Assembléon’s customers, supply chain partners and employees into the K&S family,” remarked Bruno Guilmart, Kulicke & Soffa’s President and Chief Executive Officer. “We continue to work towards a thoughtful integration process and look forward to sharing additional details over the coming months.”
Jeroen de Groot, Assembléon’s Chief Executive Officer, stated: “This is an exciting time for the industry as both organizations are collectively better positioned to provide leading and innovative solutions that address their respective core markets as well as the advanced packaging opportunity. Leveraging Kulicke & Soffa’s extensive sales, distribution and service network; strong customer relationships; and proven interconnect expertise all add value to our existing organization.”