Merck KGaA, Darmstadt, Germany, announced on Monday that it has completed the announced transaction with Versum Materials, Inc., a leading materials supplier to the semiconductor industry.
Merck expects Versum to contribute around 270 million euros ($296.76 million) to group revenues by the end of the year.
In April, Merck sealed a $6.5 billion takeover deal with Versum after overturning a deal it had agreed with rival bidder Entegris.
“By acquiring Versum, we will be optimally positioned to capitalize on long-term growth trends in the electronic materials industry,” Stefan Oschmann, chairman of the executive board and CEO of Merck KGaA, said in the release. “At the same time, we are broadening Performance Materials, balancing our portfolio with three strong business sectors and sharpening our strategic focus on innovation-driven technologies.”
Versum’s business will be folded into Merck KGaA’s Semiconductor Solutions unit. Within that segment will be two units: Semiconductor Materials, focused on the development and commercialization of material-based solutions for semiconductor manufacturers, and Delivery Systems & Services, focused on the development and deployment of equipment for semiconductor makers.