Santa Clara, Calif. -- Intevac, a Santa Clara-based supplier of equipment to the hard disk drive industry and sensors, cameras and systems to the government, said on Thursday that it will acquire the magnetic media equipment business of Swiss high-tech firm Oerlikon. Financial terms of the deal, expected to close after mid-year, were not disclosed. Oerlikon said that it is streamlining its portfolio and divesting itself of non-core assets. "Our customers have undergone significant consolidation; and consequently, it is necessary for the supply base to consolidate as well," said Kevin Fairbairn, Intevac's president and CEO.
http://www.intevac.com
http://biz.yahoo.com/bw/080626/20080626005272.html?.v=1
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