MKS Instruments signed a contract with Electro Scientific Industries

MKS Instruments, Inc.  A global provider of technologies that enable advanced processes and improve productivity, and Electro Scientific Industries, Inc. (ESIO) (“ESI”), an innovator in laser-based manufacturing solutions for the micro-machining industry, reported that they have entered into an contract for MKS to acquire ESI for $30.00 per share.  The all-cash transaction is valued at about $1B.

The combined company is predictable to have about $2.2B in pro forma yearly revenue, based on the two companies’ calendar 2017 historical results.  The transaction is predictable to be accretive to MKS’ Non-GAAP net earnings and free cash flow during the first 12 months post-closing.  The combined company expects to realize $15M in annualized cost synergies within 18 to 36 months.

“We believe the ESI acquisition will help us deliver on one of our long-term planned objectives, which is to broaden our base as a technical solutions provider to additional consumers and markets.” stated MKS CEO Gerald Colella.  “We anticipate that the addition of ESI will strengthen our expertise in the photonics and optics markets, enabling us to develop systems that provide rich and robust solutions to meet the challenges of evolving technology needs. We expect to further progress our philosophy of “Solve Together . Succeed Together ” by bringing the best technologies and high quality, reliable solutions in joint venture with our consumers, as we have demonstrated with the Newport acquisition.”

MKS Instruments, Inc. (MKSI) stock price moved -4.04% away from 20-Days Simple Moving Average, -11.82% from 50-Days Simple Moving Average and separated -28.27% from 200 Days Simple Moving Average. MKS Instruments, Inc. (MKSI) reported gain 4.23% in recent buying and selling session with closing price of $ 72.21. The stock’s traded 0.83 million shares in session while it holds an average volume of 0.53 million shares. The MKSI switched 6.46% away from its 52 week minimum and distanced -43.71% from its 52 week peak. The volatility change in the previous week has observed by 6.82% and experienced of 3.89% change in the last month.

Carl Davis

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