13th Oct 2008 09:19
13 October 2008
e2v technologies plc
Completion of QP Semiconductor, Inc. acquisition
e2v technologies plc, ('e2v', the 'Company' or the 'Group') announced on 1 September that its subsidiary, e2v Holdings, Inc., had conditionally agreed to buy QP Semiconductor, Inc., subject to shareholder approval.
The Company announces that having received the approval of shareholders at the General Meeting held on 18 September 2008 and with all conditions relating to the acquisition now satisfied, including regulatory approvals, the acquisition is now completed.
For further information:
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e2v technologies plc |
Tel: +44 (0)1245 493493 |
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Keith Attwood/Mike Hannant |
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www.e2v.com |
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N M Rothschild & Sons Limited |
Tel: 0121 600 5252 |
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Roger Hemming / John Byrne |
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RBS Hoare Govett Limited |
Tel: 020 7678 8000 |
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Alex Garton / Jonathan Retter |
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Financial Dynamics |
Tel: +44 (0)20 7269 7225 |
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Jon Simmons/Sophie Kernon |
NOTES FOR EDITORS
e2v
e2v is a leading designer, developer and manufacturer of specialised components and subsystems, falling within two product groups:
Electronic tubes
Sensors and Semiconductors
These products enable some of the world's leading OEMs to deliver innovative systems for medical and science, aerospace and defence, and commercial and industrial applications.
For the year ended 31 March 2008, e2v achieved sales of £205m and is listed on the London Stock Exchange (e2v.l). In September 2008 e2v announced the proposed acquisition of QP Semiconductor, Inc, a leading designer and supplier of specialty semiconductor components used in military and aerospace applications based in Santa Clara, California, USA. In July 2006 e2v acquired a leading designer, manufacturer and distributor of specialised electronic components and sub-systems, based in Grenoble, France and in May of 2007 e2v plc acquired MiCS Microchemical Systems SA a designer and manufacturer of semiconductor based gas sensors. These acquisitions strengthen the Group's position as a major global provider of specialised electronic components and subsystems.
e2v's products are supplied into three core market areas:
Medical & Science: Sensor technology includes imaging sensors for intra-oral and panoramic dental X-ray, mammography, life science applications and X-ray microscopy. Electronic tubes are the enabling technology behind radiotherapy cancer treatments, microwave medical therapy and high-energy physics.
Aerospace & Defence: Sensor technology includes products for military surveillance, targeting and guidance, space-based imaging and astronomy, radar, electronic warfare, and broadband data converters and microprocessors for aerospace applications. Electronic tubes provide the enabling technology behind radars, electronic countermeasures (ECM), electronic warfare and satellite communications.
Commercial & Industrial: Sensor technology includes marine radars, industrial safety sensors, automotive radars and alarms, thermal imaging cameras used by fire fighters, CCD and CMOS high resolution line scan cameras for industrial inspection. Electronic tubes provide enabling technology behind TV broadcast, satellite communications, marine radar and food & industrial processing.
The overall purpose of the business is to grow sustainable shareholder value whilst appropriately meeting the expectations of customers, people, partners, suppliers and the wider community. e2v's vision is to create value through bright ideas in technology and materials science. The Company's mission is to place customers at the heart of the business, providing enabling products of premium quality that extend technical barriers and enhance the competitive position of our partners.
e2v has approximately 1,800 employees worldwide with three UK based manufacturing sites in Chelmsford, Lincoln and High Wycombe, one in Grenoble, France and one in Corcelles, Switzerland. In addition e2v has sales offices in the UK, USA, Germany, France and Hong Kong, as well as a network of distributors and representatives covering other key territories.
Further information on e2v is available from its website, www.e2v.com
Related Shares:
E2V.L