MKS Instruments completed the acquisition of Atotech for $6.5bn.

MKS Instruments, a global provider of technologies that enable advanced processes and improve productivity, completed the acquisition of Atotech, a process chemicals technology company, for $5.1bn. The equity value of the transaction is $5.1bn and the enterprise value of the transaction with debt is $6.5bn. "By combining leading capabilities in lasers, optics, motion and process chemistry, the combined company will optimize the PCB Interconnect, a significant enabling point of next-generation advanced electronics that represents the next frontier for miniaturization and complexity. We anticipate the addition of Atotech will position MKS to enable roadmaps for future generations of advanced electronics devices. The acquisition of Atotech also provides MKS with a recurring revenue stream from a consumables portfolio for leading-edge devices, with meaningful scale and potential on which to build," John T.C. Lee, MKS President and CEO.