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Article: United States: Bayside Capital Acquires Akrion.
- Article from:
- TendersInfo
- Article date:
- September 27, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shankar203
Akrion Systems, an affiliate of Bayside Capital, today announced that it has purchased substantially all the assets of Akrion, Inc., a leading provider of surface preparation systems to the semiconductor and solar industries. The transaction includes a major investment from Bayside and positions the company for growth in both the semiconductor and solar cleaning equipment markets. Customers will benefit from the transaction through new product introductions, enhanced service levels and expanded R&D.
"The transaction provides a long-term financial partner for Akrion Systems," said James S. Molinaro, President and CEO. "We have the ...