Onto Innovation acquires Lumina Instruments Inc

“We are pleased to announce the 'tuck-in' of Lumina Instruments to strengthen Onto Innovation’s inspection portfolio through the addition of their highly differentiated laser scattering technology.”

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Onto Innovation has announced its acquisition of Lumina Instruments Inc. The ‘tuck-in’ of Lumina Instruments aims to strengthen the process control and packaging lithography solutions provider’s inspection portfolio.

“We are pleased to announce the 'tuck-in' of Lumina Instruments to strengthen Onto Innovation’s inspection portfolio through the addition of their highly differentiated laser scattering technology,” said Dr Mike Rosa, Chief Marketing Officer and Senior Vice President of Strategy at Onto Innovation. “This technology will expand our served addressable market by more than $250 million and includes opportunities in wafer and panel manufacturing and power semiconductors. With this technology, we can extend defect sensitivity from 750nm down to well below 100nm at industry-leading throughput and it also complements our Firefly inspection system for panel packaging applications.”

Additionally, Onto Innovation also acquired Kulicke and Soffa Industries Inc.’s lithography business. The company gained 24 patents already issued and eight that are pending. By leveraging various hardware and software technologies, and differentiating patents as well as metrology and lithography-specific designs, the team can help to expand the JetStep panel lithography roadmap.

“We were looking for the next stage of growth for our technologies in a range of application segments from advanced packaging to compound semi-power. Onto Innovation impressed us with its strong established channels to markets combined with a focus on product synergies. In addition, their commitment to empowering small effective teams and vision for new growth areas like panel-level processing was compelling to our team,” said Dr Steven Meeks, Former Chief Technology Officer and President of Lumina Instruments.

These acquisitions are expected to generate up to $100 million in annual revenue in the next three years and be accretive to earnings within 12 months. Further terms regarding the deal will not be disclosed.