• Akrion Systems LLC acquired by NAURA Microelectronics Equipment Co., Ltd.

    DIVESTITURE

NAURA Microelectronics Equipment Co. Ltd, a leading supplier of Semiconductor Capital Equipment headquartered in Beijing, China, has completed the previously announced acquisition of Akrion Systems LLC’s surface preparation business.

Akrion Systems LLC, headquartered in Allentown, Pennsylvania is a supplier of wet-processing systems providing surface preparation for the microelectronic, photovoltaic and display industries. The agreement, first announced last September, had remained subject to stringent Chinese and US government approvals prior to closing.

Acuity Advisors Limited, a UK based M&A technology advisory firm, served as financial advisor.

The acquisition allows NAURA to increase its already large equipment portfolio to address the rapidly growing local Chinese market and enable penetration of the global market. The capital and technology assistance of NAURA also will significantly improve Akrion Systems’ strategic capabilities and provide broader and better support to new and existing customers. As a result of the closing of the transaction, NAURA Akrion Inc. will operate as a wholly owned subsidiary of NAURA in the United States.

Matthew Byatt, Partner at Acuity Advisors, said:

“Acuity has a deep understanding of both semiconductor technology and the characteristics of the industry itself, having decades of collective experience across the team. This knowledge, combined with strong relationships with buyers and our active presence on the ground in China, has resulted in a tremendous result for Akrion. Naura is an excellent partner for Akrion and the management team. This partnership will enable the company to grow to the next level.”

“This is a great opportunity for Akrion Systems and its loyal employees to showcase their technology and capabilities to the global market as an integral part of a much larger strategic entity… and will enhance Akrion Systems’ presence in the technology sector.  Acuity Advisors have played a crucial role in the process, providing us with expert advice and guidance throughout – the Acuity team are skilled and work with real integrity which was appreciated by the Akrion management. We would highly recommend Acuity to anyone needing M&A advice in the tech space.”

MICHAEL IOANNOU | President & CEO
Akrion Systems

Team Members

THOUGHTFUL SUB HEADLINE GOES HERE.

Matthew is a Co-Founder and Managing Partner at Acuity and leads the Acuity Advisors’ Deeptech practice.

Matthew has held senior leadership and corporate finance positions with some of the UK’s most successful and influential technology and consultancy companies. Roles with ARM, McKinsey and Cadence have given Matthew an exceptional insight into the world’s most successful businesses and a number of the UK’s eminent start-ups, underpinning his success at Acuity.

Matthew has considerable experience across a broad range of technology sectors throughout the UK, US and Asia, ranging from nanotechnology, semiconductor and cleantech to digital media and internet businesses. It’s experience that has given him a robust, well-developed and international network. Having also run and successfully exited his own business, Matthew has a deep understanding of the financial and emotional aspects of this demanding process, bringing a unique and authoritative perspective to each business sale.

One of Matthew’s strengths is understanding complex technical value propositions, one of the benefits of training as an electronic engineer. He gets to the heart of what drives a company’s value and communicates this persuasively to potential buyers and investors. Matthew understands a buyer’s motivation intuitively and delivers a compelling rationale for why a business sale should be of strategic interest. His insight consistently yields higher deal values and results in great successes for his clients.

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