Veeco Extends Thin Film Solar Equipment Product Line
Plainview, New York USA, May 22, 2008
Source: Veeco Instruments Inc, press release
http://phx.corporate-ir.net/phoenix.zhtml?c=111487&p=NewsArticle&id=1150087
Veeco Instruments Inc., announced that it has extended its thin film solar equipment product line with the acquisition of Mill Lane Engineering, a privately held manufacturer of web coating systems for flexible solar panels. Mill Lane is based in Lowell, MA and has approximately 20 employees. The purchase price was $11 million, paid at closing, plus potential additional payments based upon the satisfaction of specific future conditions, including certain order, sales and profit levels. Mill Lane has an existing multi-unit order for web coating systems from a leading manufacturer of thin film copper indium gallium selenide (CIGS) solar cells. (more…)