Merck buys Ormet Circuits to enhance position as semiconductor materials supplier

Germany-based Merck has acquired Ormet Circuits Inc - an early-stage, venture-capital-backed business located in San Diego (California) - to strengthen its position as a materials supplier for the semiconductor industry. Ormet has previously been owned by various institutional and private investors, of which PEI Funds, a US-based investment company, was the single largest shareholder. Merck has already held a minority stake in Ormet and has now taken over all remaining shares. The parties have agreed not to disclose the purchase price.
 
“Ormet has developed conductive pastes based on a unique environmental friendly technology which can solve technical challenges in semiconductor packaging. This is particularly interesting due to the growing demand for highly integrated devices such as mobile phones or wearables,” said Rico Wiedenbruch, head of the integrated circuit materials business unit. Semiconductor packaging is the final stage of semiconductor device fabrication in which the device is assembled and encased.