SAES Getters Acquires Spectra-Mat, Inc.

SAES Getters S.p.A. announces the closing of the acquisition of Spectra-Mat, Inc., located in Watsonville, CA, USA, from the trust held by some employees of the company. The acquisition was made through the controlled company SAES Getters USA, Inc.

Spectra-Mat manufactures and supplies vacuum components for the telecommunication, medical and military markets, devices for capital equipment for the semiconductor industry, together with advanced materials for the industrial laser market.

The purchase price of the stock deal was $5.9 million increased by an adjusted financial position equal to $1.5 million, and it was paid in cash; adjustments will be finalized and settled within 60 days.
$1.5 will be held in escrow to fund post-closing obligations, if any.

In fiscal year 2007 Spectra-Mat sales were $7.5 million. The company performed 10% operating income and was substantially break-even at net level.