Ichor Holdings to acquire IMG Companies for $270m.

Ichor Holdings, a provider of the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment, agreed to acquire IMG Companies, a precision machining, welding, brazing, and surface treatment business serving the semiconductor, medical, and aerospace/defense industries, for $270m. “IMG brings to Ichor additional precision machining capabilities and capacity, as well as advanced manufacturing capabilities such as e-beam and laser welding, precision vacuum and hydrogen brazing, ceramic metallization, and precious metal coating capability. This acquisition will also expand Ichor’s customer base, with positions in rapidly-growing segments of the medical, aerospace and defense industries. Additionally, a significant portion of IMG’s revenues are derived from recurring sources such as spares and consumables," Jeff Andreson, Ichor CEO.