Mooreland Partners Advises GSI Group on the Sale of its Semiconductor Systems Business to Electro Scientific Industries
Bedford, Massachusetts / Portland, Oregon — May 13, 2013 —Mooreland Partners is pleased to announce that it acted as the exclusive financial advisor to GSI Group Inc. (NASDAQ:GSIG) in the sale of its Semiconductor Systems business to Electro Scientific Industries, Inc. (NASDAQ:ESIO) (“ESI”).
With the acquisition, ESI broadens its product portfolio, extends its revenue base with its semiconductor customers and strengthens its Semiconductor Division.
The Semiconductor Systems business, with manufacturing operations in Bedford, Massachusetts, is one of the world’s leading suppliers of fully automated laser-based systems for process control and yield improvement, targeting the worldwide semiconductor, microelectronics and electronics industries.
The divestiture of Semiconductor Systems is the 30th transaction advised by Mooreland since the start of 2012 and confirms Mooreland’s leadership in electronics and industrial technology M&A.
For more information on this transaction, please contact Charlie Bullock.
Charlie Bullock, Managing Director
Direct: +1 650 330 3780