7 December 2011

SPTS establishes joint venture with former parent SPP

Plasma etch, deposition and thermal processing equipment maker SPTS Technologies Ltd of Newport, Wales, UK has announced the launch of a new joint venture to serve the Japanese market with its former parent company, Sumitomo Precision Products Co Ltd (SPP).

SPP historically supplied certain SPTS systems in Japan through its Micro Technology Division, with local manufacturing under license from SPTS and custom development and support tailored to the Japanese market.  In addition, SPTS sold spare parts and other systems in Japan through its wholly owned subsidiary, SPTS K.K., with the cooperation and support of SPP.

As planned in June 2011, when SPTS was acquired from SPP, a new subsidiary of SPP, SPP Technologies Co Ltd (SPT) has been launched with co-investment from SPTS. SPT combines the businesses of SPP Micro Technology and SPTS K.K. to provide comprehensive solutions to meet the requirements of Japanese customers through the wide range of SPTS products.

“We are very pleased to announce the final step in our MBO process, with the formation of a new relationship with SPP to better serve Japanese customers,” said Dr. William Johnson, president and CEO of SPTS. “SPP has been a leader in MEMS manufacturing equipment for 30 years, and SPTS looks forward to expanding our relationship with SPP as our markets evolve and grow in the future.”

SPP president, Susumu Kaminaga added, “From 1992 when SPP began distributing Surface Technology Systems (STS) products in Japan and subsequently acquired STS in 1995, SPP has been dedicated to providing Japanese customers with products suited to their unique requirements. The formation of the joint venture ensures the continuation and broadening of that focus by increased cooperation with SPTS”

See related items:

SPTS completes management buyout from SPP

SPTS management buy-out from SPP gets backing from Bridgepoint

Tags: SPTS PVD ALD Etch

Visit: www.spp.co.jp

Visit: www.spts.com