What does Versum Materials do?

What does Versum Materials do?

Versum is a best-in-class electronic materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to meet the evolving needs of the global semiconductor, display and LED markets.

What industry is Versum Materials in?

Electronics business
Versum Materials is now a part of the Electronics business of Merck KGaA, Darmstadt, Germany. We serve the major segments of the industry with a unique combination of product offerings, experience and commitment.

What happened to Versum Materials?

Germany-based Merck KGaA has completed its acquisition of Tempe’s Versum Materials Inc. for $6.4 billion. Versum had annual sales of $1.4 billion in 2018. Versum shareholders approved the company’s acquisition by Merck, a global biotech and chemicals company, for $53 per share in cash in June.

Who bought Versum Materials?

Merck
Merck today announced the closing of the transaction to acquire Versum Materials, Inc. (“Versum”) for approximately € 5.8 billion.

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What kind of company is Versum Materials Inc?

Versum Materials, Inc. (NYSE: VSM) is a leading global specialty materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to meet the evolving needs of the global semiconductor and display industries.

What’s the deal between Merck and Versum Materials?

Merck, a leading science and technology company, today announced the closing of the transaction to acquire Versum Materials, Inc. (“Versum”) for approximately € 5.8 billion. The business combination is expected to make Merck a leading electronic materials player focused on the semiconductor and display industries.

Where is the headquarters of Merck and Versum?

Merck intends to maintain Versum’s Tempe, AZ headquarters as the major hub for the combined electronic materials business in the United States, complementing Merck’s already strong footprint and track record as a top employer in the U.S.

What was the final approval for the Versum acquisition?

The transaction closing followed the recent approval from China’s State Administration for Market Regulation (SAMR), which represented the final regulatory clearance to be obtained for completing the acquisition.