Fusion Systems in $121 million sale of UV curing business; "Pure play" in semiconductor equipment will maximize shareholder value.

Business Wire | August 15, 1996 | Copyright

ROCKVILLE, Md.--(BUSINESS WIRE)--August 15, 1996--Fusion Systems Corporation (Nasdaq NM: FUSN) announced today that it has agreed to sell its ultraviolet curing equipment business for $121 million in cash to Fairey Group plc (LSE: FAY).

When the transaction is completed, in approximately thirty days subject to US regulatory approval, Fusion will be a "pure play" supplier of advanced semiconductor manufacturing equipment with more than $100 million in cash.

"An unusual opportunity to consolidate semiconductor equipment suppliers is arising with the industry's ...

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