An announcement from Nova ( (NVMI) ) is now available.
On February 3, 2025, Nova announced the completion of its acquisition of Sentronics Metrology GmbH, a German company specializing in wafer metrology tools for semiconductor fabrication. The acquisition, valued at approximately $60 million, will diversify Nova’s portfolio in the advanced wafer level packaging and specialty devices sector. Nova anticipates the acquisition will be accretive to non-GAAP net earnings within 12 months. This strategic move is expected to foster synergies and strengthen Nova’s offerings to better meet customer demands.
More about Nova
Nova is a leading innovator and provider of material, optical, and chemical metrology solutions for advanced process control in semiconductor manufacturing. The company delivers high-performance metrology solutions that enhance product yields and accelerate time to market, serving semiconductor manufacturers globally from its various offices.
YTD Price Performance: 20.88%
Average Trading Volume: 213,665
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.12B
See more insights into NVMI stock on TipRanks’ Stock Analysis page.