BAD RAGAZ, Switzerland - INFICON, a Swiss provider of instrumentation and software solutions, has announced the acquisition of all assets of FabTime Inc, a California-based software company. The terms of the transaction between INFICON and FabTime, a niche provider of cycle time management software for semiconductor manufacturers, have not been disclosed.
FabTime, established in 1999, specializes in software and consulting services that aim to enhance cycle time, capacity, productivity, and profitability for semiconductor factories across North America and over 15 other countries. INFICON's acquisition is intended to strengthen its Smart Manufacturing suite of products, aligning with its mission to promote autonomous semiconductor manufacturing.
Oliver Wyrsch, CEO of INFICON, stated that integrating FabTime's offerings will advance INFICON's vision of providing a leading-edge factory optimization and process control solution. This move is expected to contribute to the development of a fully interconnected and AI-enhanced semiconductor manufacturing facility.
INFICON is known for its innovative solutions that are crucial across various industries, including air conditioning, automotive manufacturing, semiconductor fabrication, and more. These technologies play a vital role in the production of semiconductors, thin film coatings, and in processes utilized by an array of other industries.
The acquisition of FabTime is part of INFICON's broader strategy to enhance its product offerings in the semiconductor industry, which is increasingly reliant on smart manufacturing and Industry 4.0 technologies. The company's shares are traded on the SIX Swiss Exchange under the ticker symbol SIX:IFCN.
This strategic move is based on a press release statement and is part of INFICON's ongoing efforts to expand its portfolio and market presence in the semiconductor sector.
InvestingPro Insights
In light of INFICON's recent acquisition of FabTime, investors may be keen on how the company's financial metrics align with this strategic move. INFICON is currently trading at a high earnings multiple with a P/E ratio of 38.12, reflecting a significant expectation of future growth relative to its earnings. This valuation is further emphasized by its adjusted P/E ratio for the last twelve months as of Q2 2023, which stands at 38.36. Despite the high earnings multiple, INFICON's cash flows have demonstrated the ability to sufficiently cover interest payments, showcasing financial resilience.
InvestingPro Tips reveal that INFICON has maintained dividend payments for 18 consecutive years, indicating a commitment to providing shareholder returns. Additionally, the company's liquid assets surpass its short-term obligations, suggesting a solid liquidity position. With a moderate level of debt, INFICON appears to be managing its leverage prudently. For investors looking for more detailed analysis, there are over a dozen additional InvestingPro Tips available for INFICON, which can be accessed by subscribers.
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