MKS Instruments acquired Electro Scientific Industries for $1bn.

MKS Instruments, a global provider of technologies that enable advanced processes and improve productivity, acquired Electro Scientific Industries, an innovator in laser-based manufacturing solutions for the micro-machining industry, for $1bn. “We believe the ESI acquisition will help us deliver on one of our long-term strategic objectives, which is to broaden our base as a technical solutions provider to additional customers and markets.” said 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 partnership with our customers, as we have demonstrated with the Newport acquisition.”