Nova completed the acquisition of Sentronics Metrology GmbH, a privately held company headquartered in Germany.

The transaction is valued at approximately $60 million, paid in cash. The Company expects the acquisition to be accretive on a non-GAAP net earnings basis within 12 months of closing. The company is now focusing on post-merger integration execution.

Sentronics Metrology is a global provider of wafer metrology tools for backend semiconductor fabrication. The company develops flexible and modular metrology tools equipped with multiple metrology sensors for a variety of critical dimension applications, including thickness, roughness and topography.

The addition of Sentronics' modular dimensional metrology technology to Nova's dimensional metrology portfolio will enable Nova to diversify its offering in the rapidly growing field of advanced wafer level packaging and specialty devices.

Sentronics portfolio expands Nova's presence into a broader range of applications and wafer sizes and types beyond 300mm silicon wafers. Along with Nova's Optical CD Stand Alone and Integrated Metrology, Nova can offer its customers a complete portfolio for critical applications in both backend and frontend fabrication processes. 

"Bringing Sentronics Metrology into our midst supports our long-term vision of strategic growth by expanding our offering of critical technologies and addressing a broader spectrum of process control applications," said Gaby Waisman, President and CEO of Nova. "This acquisition fosters valuable synergies, strengthening our solutions to more effectively meet the broadening demands of our customers".