Zygo Corp. acquires Syncotec Neue Technologien und Instrumente GmbH
In the latest in a string of acquisitions, Zygo Corp. (Middlefield, CT) has purchased Syncotec Neue Technologien und Instrumente GmbH (Asslar, Germany) for $1.3 million in cash and 20,000 shares of Zygo common stock, valued at approximately $600,000. Zygo already held 50% ownershi¥in the company as a result of the August 1996 Technical Instrument Co. (TIC; Sunnyvale, CA) acquisition; in the current transaction, Zygo acquired the outstanding shares. Syncotec produces precision metrology systems and components based on confocal scanning optical-microscopy technology. Zygo will operate the company as a wholly owned subsidiary of TIC; no management changes are planned. Syncotec reported net sales of approximately $2.8 million in 1996.