MKS buys Italy's Alter Power for undisclosed sum
ANDOVER, Mass. (AP) — MKS Instruments Inc. said Tuesday that it bought Alter Power Systems Srl for an undisclosed amount of cash, marking its expansion into the industrial heating and food and beverage markets.
Based in Reggio Emilia, Italy, Alter develops microwave power generators, components and systems for industrial microwave heating, microwave plasma coating and semiconductor uses.
MKS, which makes analysis and processing equipment for semiconductor companies, said Alter's expertise in microwave design will boost its existing product lineup and expand it into non-plasma uses including the industrial heating and food and beverage markets.
The deal closed Tuesday. MKS said Alter will continue to operate in Italy as an MKS subsidiary.
Shares of Andover, Mass.-based MKS fell 38 cents, or 1.4 percent, to $27.38 in morning trading. They have traded in a 52-week range of $22.45 to $30.61.
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