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Entegris set to overtake SAES’s Pure Gas business

Entegris, Inc., is all set to acquire SAES Pure Gas business from SAES Getters S.p.A. As per the agreement, Entegris will purchase the shares and assets for approximately USD 355 Million.

United States: Entegris, Inc. provider of specialty chemicals and advanced materials solutions, is all set to acquire the SAES Pure Gas business from SAES Getters S.p.A, an advanced functional materials company headquartered in Milan, Italy. As per the agreement, Entegris will purchase the shares and assets for approximately USD 355 Million.

The SAES Pure Gas business, is a leading provider of high-capacity gas purification systems which is majorly used for semiconductor manufacturing. The company is based in California and will report into the Micro-contamination Control division of Entegris.

The President and CEO of Entegris believes that with the acquisition, customers will benefit from the company’s complete portfolio of gas purifications solutions for bulk as well as specialty gases. The acquisition will enable organic growth that leverage its global business platform and broaden their technology portfolio.

The President of SAES Getters S.p.A believes that Entegris was the ideal choice for its strategic move due to its leadership in the semiconductor industry, the complementary nature of its filtration and purification offerings, and its financial and operational strengths.

According to a recent press release issued by SAES Group, the SAES Pure Gas business recorded revenues of USD 91.5 million and an adjusted EBITDA of USD 33.1 million for its fiscal year ended December 31st, 2017. For the Q1 of 2018, it has revenues of USD 31 Million, and an adjusted EBITDA of USD 9.6 Million. Entegris is looking to fund the acquisition from its available cash and expects that the transaction will be immediately accretive.

The closing of the transaction depends on the completion of a pre-closing restructuring of certain of SAES Group’s US legal entities and other customary closing conditions. The transaction is expected to take two to four weeks.

According to TechSci Research, Entegris’s acquisition of SAES Pure Gas business from SAES Getters S.p.A, is expected to have a positive impact on the specialty gasses market globally, as the market will witness robust growth. Specialty gases are produced for their use in various end-user applications like electronics and semiconductors, analytical and calibration, refrigeration, medical and healthcare, manufacturing and others as they facilitate the production process by making increasing efficiency, along with improving the product quality. Rising demand from developing economies coupled with expanding metal & mining industry is expected to fuel the global specialty gases market in the coming years.

According to the recently published report by TechSci Research, Global Specialty Gases Market, By Application (Electronics & Semiconductor, Analytical & Calibration, etc.), By Type (Pure Gases & Mixture Gases), By Region (Asia-Pacific, North America, Europe, etc.), Competition Forecast and Opportunities, 2012-2026”, Global specialty gases market is forecast to surpass $ 14 billion by 2026. Anticipated growth is predominantly attributed to the growing demand from developing nations due to rapid economic development and high demand from various end user sectors. Moreover, rising demand for specialty gases from growing metal & mining industry, electronics & semiconductor industry, and other application segments like analytical & calibration, refrigeration and medical & healthcare, are further expected to drive the global specialty gases market. Besides these factors, innovations in specialty gases manufacturing technologies and delivery equipment is likely to aid the growth of global specialty gases market in the coming years.

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