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Metrology

Nikon Corp. Acquires Metris

Nikon buys 85 percent of outstanding Metris shares.

Published: Tuesday, July 28, 2009 - 07:24

Although the information hasn't been officially released in the United States, Nikon Corp. announced on July 25 that its wholly-owned Belgian subsidiary NIMD SPRL has acquired 85.25 percent of the outstanding shares of Metris NV. According to both Metris and Nikon web sites, "As the 85 threshold was reached (and the other conditions satisfied), the cash tender offer becomes unconditional."

According to earlier reports the complete buyout is expected to cost about €69 million or about $96 million.

In a statement on the Metris web site, "Metris’ board of directors and executive management are delighted with the successful outcome of the friendly bid. The management of Metris is looking forward to teaming up with Nikon Corporation, a leading Japanese industrial multinational with a strong global consumer brand and a pioneer in the field of optical technology. The management feels confident that this transaction enables Metris to strengthen its leadership position as an innovator in optical metrology."

Bart Van Coppenolle, the CEO and founder of Metris, commented: “We are delighted by our shareholders’ response to the convincing business logic of this transaction. We look forward to further strengthening our investment in future product development and customer support, leveraging the strength of a strong international technology group with an excellent brand and a strong balance sheet. I would like to express our gratitude to Metris’ shareholders who have supported us over the years, allowing Metris to become the leading technology company in the micro metrology segment. We also look forward to working closely with our new colleagues, customers and suppliers within this enlarged group. We will continue to deliver the most innovative and reliable products and services to our global customers and business partners."

In recent years Metris has acquired a variety of 3-D measurement companies, giving the company a broad spectrum of products for small- and large-scale 3-D measurement. Nikon, while strong in a variety of optical measurement technologies, most likely views the purchase of Metris as a way to expand its offerings into the non-contact 3-D measurement market, according to industry sources.

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