Nova Ltd. (NVMI) shares are experiencing an uptick following the company's announcement of a definitive agreement to acquire Sentronics Metrology GmbH. This acquisition, valued at approximately $60 million, is set to expand Nova's capabilities in the semiconductor industry by integrating Sentronics' advanced wafer metrology tools into its portfolio. The acquisition is expected to close in the first quarter of 2025, pending customary closing and regulatory conditions. Nova anticipates that this acquisition will be accretive on a non-GAAP basis within 12 months of closing, enhancing its offerings in the rapidly growing field of advanced wafer-level packaging and specialty devices.
The acquisition of Sentronics Metrology GmbH is a strategic move for Nova, as it broadens the company's reach into a wider range of applications and wafer sizes beyond the traditional 300mm silicon wafers. This expansion is particularly significant given the growing demand for advanced metrology solutions in both backend and frontend semiconductor fabrication processes. By incorporating Sentronics' modular dimensional metrology technology, Nova aims to provide a comprehensive portfolio for critical applications, positioning itself strongly in a market estimated to be worth $200 million.
Nova Ltd.'s stock is currently priced at $177.05, reflecting a 2.7% increase from the previous close of $172.39.