Plasma-Therm completed the acquisition of Thin Film Equipment.

Plasma-Therm, an advanced plasma-processing equipment manufacturer, completed the acquisition of Thin Film Equipment, a sputtering equipment supplier. Financial terms were not disclosed. “We are excited about this acquisition and combining our strengths with Plasma-Therm’s. While TFE will continue to operate independently, we will work closely with Plasma-Therm to combine our strengths in plasma and PVD process technology for a more comprehensive product offering for our customers. The acquisition will enable us to expand our R&D resources and customer service & support teams globally to deliver timely solutions to our valued customers,” Francesco Terenziani, Thin Film Equipment CEO.