SPP Technologies Co., Ltd. (Tokyo, Japan; the “Company”) hereby announces that it has decided to divest its wholly owned subsidiary, SPT Microtechnologies USA, Inc. (San Jose, California, USA; “SPT-USA”), by transferring all of its shares to Tempress Holding North America Inc. (Delaware, the USA; “Tempress-USA”), a special purpose company established by Tempress Holding B.V. (Vaassen, the Netherlands; “Tempress”).

Strategic Rationale

SPT-USA specializes in vertical furnaces for complex More-than-Moore (MtM) thermal processing, offering highly complementary assets to Tempress in terms of product lines, geographical coverage, and access to additional key customers. Through this divestiture, SPT-USA’s product portfolio, engineering expertise, and customer relationships will be combined with Tempress’s business, strengthening its position in the semiconductor equipment market. The Company has determined that operating under Tempress offers the best path for the further growth and development of SPT-USA, and has accordingly decided to proceed with the divestiture.

Transaction Details

The Company will transfer all shares of SPT-USA that it holds to Tempress-USA. As a result, SPT-USA, together with its subsidiaries in Germany and Taiwan, will become part of the Tempress group, and operational continuity of SPT-USA’s business is expected to be maintained.

About SPT Microtechnologies USA

Company name:	SPT Microtechnologies USA, Inc.
Location:	San Jose, California, USA
Business:	Development, manufacturing, sales, and servicing of vertical furnaces
Subsidiaries:	SPT Microtechnologies GmbH, SPT Microtechnologies Taiwan Ltd.
Relationship with the Company:	Wholly owned subsidiary of SPP Technologies

About Tempress

Tempress is a global supplier of thermal processing equipment and process solutions for the semiconductor and advanced materials industries. The company provides advanced diffusion, deposition, oxidation, annealing and related technologies that enable the manufacture of semiconductors, power electronics, MEMS, photonics and emerging advanced materials. Headquartered in the Netherlands, Tempress serves customers worldwide through a global network of engineering, manufacturing and service operations.

Transition and Continuity

Toward a smooth transition following the share transfer, both companies will cooperate as necessary to move to the new structure, while ensuring that customers continue to receive equipment and services without disruption. Should any matters requiring disclosure arise in the future, the Company will provide notice promptly.

Related Information

Press release by Jolt Capital SAS

Jolt Capital invests €20M in Tempress and Tempress to acquire SPT Microtechnologies USA as double consolidation play in high-end semiconductor equipment

• Prev
• Back to Media Center
• Next