Quakertown, PA USA. July 24, 2018 – Quantum Global Technologies, LLC (“QGT”) today announced that it has signed an agreement to be acquired by Ultra Clean Holdings, Inc. (“UCTT”). UCTT is a leading developer and supplier of critical subsystems for the semiconductor and display capital equipment industries. QGT is the global leader in ultra-high purity, sub-10nm outsourced process tool chamber parts cleaning and coating services, tool part life extension, microcontamination analytical services, and other optimization solutions to the semiconductor wafer fabrication, OEM and OPM industries.
“This transaction represents a terrific benefit for QGT customers, employees, and stockholders,” said Scott Nicholas, President & CEO of QGT. “This is an exciting time in the semiconductor industry and, by leveraging the combined capabilities and service offerings of UCT and QGT, we will deliver a broader range of innovative solutions, further increasing the combined company’s strategic relevance to its customers. We could not be more pleased to be joining the UCT organization, and we look forward to working closely with UCT to ensure a smooth integration."
Closing is expected to be in the third calendar quarter of 2018, subject to customary conditions including the expiration or termination of the waiting period under the Hart Scott Rodino Act.
Cowen and Co. served as financial advisor to QGT, and Fox Rothschild LLP served as QGT’s legal advisor. Needham & Company, LLC served as financial advisor to UCTT, and David Polk served as UCTT’s legal advisor.
About Quantum Global Technologies, LLC
ChemTrace® and QuantumClean® are divisions of Quantum Global Technologies, LLC headquartered in suburban Philadelphia, Pennsylvania USA.
QuantumClean is the global leader in sub-10nm ultra-high purity outsourced process tool chamber parts cleaning and coating services, tool part life extension and process tool part optimization solutions to the semiconductor wafer fabrication, OEM, and OPM industries.
Founded in 2000, QuantumClean operates innovative Advanced Technology Cleaning Centers® built on the premise of providing customers process improvement through consistently cleaner parts® that exceed industry standards. These solutions dramatically reduce our customers’ total cost-of-ownership. With 1,500 employees in 19 facilities located in 8 countries, QuantumClean provides unsurpassed cleaning capability and convenience worldwide. quantumclean.com
For 25 years, ChemTrace has provided independent and analytical verification of process tool chamber part cleaning effectiveness. Recognized as the leading reference analytical testing laboratory for the semiconductor, solar and related industries, ChemTrace has the solutions for fab, OEM, and OPM’s critical cleaning issues and requirements of chamber parts, wafers, cleanroom materials, ultra-pure water, high-purity and complex chemicals. With more than 100 employees in 5 labs located in 3 countries, ChemTrace offers unsurpassed microcontamination analysis and local convenience. chemtrace.com
About Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems for the semiconductor and display capital equipment industries. Ultra Clean offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping and component manufacturing. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.