Posted in | News | Nanomaterials and Nanotechnology | Materials Testing | Business

Veeco Completes Sale of Metrology Business to Bruker

Oct 7 2010

Veeco Instruments Inc. (Nasdaq: VECO) today announced that it has completed the sale of its Metrology business to Bruker Corporation (Nasdaq: BRKR), a leading provider of high-performance scientific instruments and solutions for molecular and materials research, for $229.4 million in cash.

The sale transfers Veeco's worldwide Metrology business to Bruker, including Veeco's Atomic Force Microscope (AFM) business in Santa Barbara, CA and its Optical Industrial Metrology (OIM) business in Tucson, AZ, as well as Veeco's associated global AFM/OIM field sales and support organization. Additional terms of the transaction were not disclosed. Citigroup Global Markets Inc. acted as exclusive financial advisor to Veeco in connection with the transaction.

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