Sumitomo Heavy Industries makes good offer to Axcelis Technologies

Sumitomo Heavy Industries, Ltd. wants to buy Axcelis Technologies, Inc. Sumitomo offered Axcelis $544 million in cash, or $5.20 a share.

Photo: Sumitomo Heavy Industries makes good offer to Axcelis Technologies

Though Axcelis Technologies Inc. is having a rough time, it refuses to discuss this business offer.

Sumitomo Heavy made a fair bid, Axcelis's earnings and sales considered.

Sumitomo Heavy Industries, Ltd. is an integrated manufacturer of industrial machinery, automatic weaponry, ships, bridges and steel structure, equipment for environmental protection, including recycling, power transmission equipment, plastic molding machines, laser processing systems, particle accelerators, material handling systems, etc.

Axcelis Technologies, Inc.: ACLS engages in the design, manufacture, and servicing of capital equipment for the semiconductor manufacturing industry worldwide. It produces ion implantation systems, including high and medium current implanters, and high energy implanters, as well as offers dry strip equipment, thermal processing systems, and curing systems used in the fabrication of semiconductor chips. The company was incorporated in 1995 and is headquartered in Beverly, Massachusetts.