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Israel’s Orbotech acquired for $3.4 billion

Israel’s Orbotech acquired for $3.4 billion

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Israel’s Orbotech acquired for $3.4 billion
The electronics maker will keep its operations in the Israeli city of Yavneh after its purchase by California-based KLA-Tencor.
By Abigail Klein Leichman MARCH 20, 2018, 9:09 AM
Image by Casimiro PT/Shutterstock.com
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The Israeli firm Orbotech — whose systems help produce virtually every electronic device in the world from computers to phones to connected cars — is being acquired by California’s KLA-Tencor Corporation in a transaction with an equity value of approximately $3.4 billion and an enterprise value of $3.2 billion.

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