China based semiconductor equipment company NAURA Microelectronics has reached an agreement to acquire the assets of Akrion Systems LLC, an Allentown Pennsylvania based supplier of wet-processing systems providing surface preparation for the microelectronic, photovoltaic and display industries. The agreement remains subject to Chinese and US government approvals prior to closing.
Michael Ioannou, Akrion Systems CEO, commented, “This is a great opportunity for Akrion Systems and its loyal employees to showcase their technology and capabilities to the global market as an integral part of a much larger strategic entity. NAURA’s reputation and strategic focus is already providing new and exciting opportunities. This will enhance Akrion Systems presence in the technology sector and will enable it to become a stronger employer in the Lehigh Valley.”