Nova Expands Into Advanced Chemical Metrology With ancosys Acquisition

REHOVOT, Israel, Nov. 16, 2021 - Nova (Nasdaq: NVMI) announced today that it has entered into a definitive agreement to acquire ancosys GmbH, a privately  held company headquartered in Pliezhausen Germany, in an all-cash transaction valued at approximately $100 million, including a performance based earnout of $10 million.

The acquisition is subject to customary closing and regulatory conditions and approvals, and is expected to close within the first quarter of 2022. The Company expects the acquisition to be accretive on a non-GAAP basis within 12 months of closing.

ancosys is a leading provider of chemical analysis and metrology solutions for advanced semiconductor manufacturing. ancosys' automated analytical systems combine flexible architecture with industry-grade capabilities and support both frontend and backend semiconductor manufacturing.

The combination of Nova's advanced portfolio and ancosys' differentiated chemical analysis technology will deliver cutting edge solutions for advanced semiconductor process control and will expand Nova's total available market beyond frontend semiconductor manufacturing into the back-end and advanced packaging markets.

"We are very excited with this strategic acquisition that extends our reach to adjacent markets and expands our total addressable market," commented Eitan Oppenhaim, President and CEO of Nova. "Acquiring ancosys will support our long-term strategy to broaden our portfolio of key technologies to better serve a wider range of process control applications in different semiconductor markets. With ancosys solutions, Nova can offer its customers an advanced portfolio of dimensional, materials and chemical metrology solutions for better process insight."

"Nova is the right partner to support ancosys' accelerated growth," stated Jürg Stahl, ancosys's President and Chief Executive Officer. "The strength of our complementary portfolio will broaden Nova's available markets and strengthen our position as leader in advanced chemical metrology. We are excited and looking forward to joining Nova's team."