Zygo acquires Technical Instrument Co.

Optical-metrology-instrumentation manufacturer Zygo Corp. (Middlefield, CT) has signed a letter of intent to purchase the proprietary products division of Technical Instrument Co. (TIC, Sunnyvale, CA) for approximately $14.5 million in cash and stock. When the purchase is complete, Zygo will hold the microscope-manufacturing and marketing business of TIC; in an unrelated agreement, the distribution business that comprises the other half of TIC?s activities will be transferred to a different comp

Zygo acquires Technical Instrument Co.

Optical-metrology-instrumentation manufacturer Zygo Corp. (Middlefield, CT) has signed a letter of intent to purchase the proprietary products division of Technical Instrument Co. (TIC, Sunnyvale, CA) for approximately $14.5 million in cash and stock. When the purchase is complete, Zygo will hold the microscope-manufacturing and marketing business of TIC; in an unrelated agreement, the distribution business that comprises the other half of TIC?s activities will be transferred to a different company. Technical Instrument produces microscope systems for the semiconductor and data-storage industry; reported sales for FY1995 reached $8.5 million.

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