Merck KGaA, Darmstadt, Germany, a leading science and technology company, has signed a definitive agreement to acquire Versum Materials, Inc. (NYSE: V
Source: www.businesswire.com
Merck has signed a definitive agreement to acquire Versum Materials for $53 per share in an all-cash deal. The price reflects an enterprise value for Versum of ~€5.8 billion. Versum is one of the world’s leading suppliers of innovation-driven, high-purity process chemicals, gases, and equipment for semiconductor manufacturing with sales of €1.2 billion in 2018. The business combination would strengthen Merck KGaA, Darmstadt, Germany’s Performance Materials business sector, creating a leading electronic materials player focused on the semiconductor and display industries. Merck expects €75 million in run-rate synergies from the deal by the third full year after closing.
