Nova Measuring Instruments Acquires Hypernex
April 25, 2006
Nova Measuring Instruments, Ltd. the marekt leader in integrated metrology and process control for the semiconductor industry announced that it has entered into an Asset Purchase Agreement with HyperNex, Inc. to acquire substantially all the assets of HyperNex in exchange for up to 1.8 million shares of Nova and the assumption of specified liabilities. The transaction is valued at approximately $4.5 million. Assuming the transaction closes in May, HyperNex could account for about 10% of Nova's revenue in 2006. Read more on the HyperNex website.
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