SPTS Technologies Establishes new Venture with former Parent Sumitomo Precision Products (SPP) to serve the Japanese Market

(Nanowerk News) SPTS Technologies (SPTS), a leading manufacturer of etch, deposition, and thermal processing equipment for the semiconductor and related industries today announced the launch of a new joint venture relationship with its former parent company, Sumitomo Precision Products Co, Ltd. (SPP) to jointly serve the Japanese market.
SPTS designs, develops and manufactures capital equipment used to produce electronic and micro-devices for a number of high growth end-markets including micro electro-mechanical systems (MEMS), power management, advanced packaging, high speed RF components, and high brightness light emitting diodes (LEDs). With over 500 employees across 19 countries, SPTS supplies the world's leading micro-device manufacturers from its main manufacturing facilities in Newport, Wales and San Jose, California.
SPP historically supplied certain SPTS systems in Japan through its Micro Technology Division, with local manufacturing under license from SPTS and custom development and support tailored to the Japanese market. In addition, SPTS sold spare parts and other systems in Japan through its wholly owned subsidiary, SPTS K.K., with the cooperation and support of SPP.
As planned from the time of the acquisition of SPTS from SPP in June 2011, a new subsidiary of SPP, SPP Technologies Co., Ltd. (SPT) has been launched with co-investment from SPTS, to combine the SPP Micro Technology business and SPTS K.K. to provide comprehensive solutions to meet the requirements of Japanese customers through the wide range of SPTS products.
"We are very pleased to announce the final step in our MBO process, with the formation of a new relationship with SPP to better serve Japanese customers," said Dr. William Johnson, president and CEO of SPTS. "SPP has been a leader in MEMS manufacturing equipment for 30 years, and SPTS looks forward to expanding our relationship with SPP as our markets evolve and grow in the future." SPP president, Susumu Kaminaga agreed, "From 1992 when SPP began distributing Surface Technology Systems (STS) products in Japan and subsequently acquired STS in 1995, SPP has been dedicated to providing Japanese customers with products suited to their unique requirements. The formation of the joint venture ensures the continuation and broadening of that focus by increased cooperation with SPTS"
About SPTS Technologies
SPTS Technologies designs, manufactures, sells, and supports etch, PVD, CVD and thermal capital equipment and process technologies for the global semiconductor industry and related markets. These markets include MEMS, advanced packaging, LEDs, high speed RF on GaAs and power management. Formerly known as SPP Process Technology Systems, the company was acquired by its management in June 2011, backed by European private equity firm Bridgepoint. Prior to the acquisition, SPTS was a wholly-owned subsidiary of Sumitomo Precisions Products Co. Ltd., formed from the merger of Surface Technology Systems (STS) and acquired assets of Aviza Technology in 2009. For more information about SPTS Technologies, please visit www.spts.com
About Sumitomo Precision Products Co., Ltd.
Sumitomo Precision Products Co., Ltd, headquartered in Amagasaki (Japan), have, over the past 90 years, expanded from their core field of aerospace products into such diverse areas as heat-exchangers and heat-control systems, industrial machinery employing hydraulic control, equipment for semiconductor and flat panel display production, ozone generators for protecting the environment and unique motion sensors. For more information about SPP, please visit www.spp.co.jp
Source: SPTS Technologies (press release)
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