Veeco Instruments Inc. (NASDAQ: VECO) announced that its stockholders have approved all proposals related to the company's pending merger with Axcelis Technologies, Inc. (NASDAQ: ACLS) at its special meeting of stockholders. The completion of the merger remains subject to other customary closing conditions, including final pending regulatory approval from the State Administration for Market Regulation of the People’s Republic of China. The companies expect the merger to be completed in the second half of 2026.
Veeco is an innovative manufacturer of semiconductor process equipment, and its laser annealing, ion beam, metal organic chemical vapor deposition (MOCVD), single wafer etch & clean, and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. The company holds leading technology positions in the markets it serves.
In connection with the proposed merger, Axcelis filed a registration statement on Form S-4 with the Securities and Exchange Commission (SEC), which was declared effective on December 31, 2025. Axcelis and Veeco also filed a definitive joint proxy statement/prospectus with the SEC on December 31, 2025, and commenced mailing to their respective stockholders on or about the same date.
Investors and security holders are urged to read the joint proxy statement/prospectus and any other relevant documents that are or will be filed with or furnished to the SEC, as they contain important information about the proposed merger and related matters.
The press release did not contain specific financial metrics or changes in metrics since the last period. The market has reacted to these announcements by moving the company's shares -3.29% to a price of $32.97. For more information, read the company's full 8-K submission here.
