Credence Technologies is Now a Part of 3M
September 07, 2006
Credence Technologies is a Part of 3M
ST. PAUL, Minn.--(BUSINESS
WIRE)--Sept. 8, 2006--3M announced today
that it has acquired Credence Technologies Inc., a Soquel, Calif.-based
provider of instruments and high-end monitoring equipment for
electrostatic discharge control and electromagnetic compliance. Terms
of the transaction were not disclosed.
Static control represents a key growth opportunity for 3M's
electronics
platform. Credence Technologies' products help manufacturers manage
electrostatic discharge and electromagnetic emission issues in the
design and production of components such as semiconductors, hard disc
drives and flat panel displays. This acquisition allows 3M to expand
its presence in the semiconductor, hard disc drive, and flat panel
display industries and further build its business in Asia and Europe,
two of the fastest growing areas for static control.
"Demand
for static control solutions is expected to increase as smaller, more
complex components require greater protection against electrostatic
discharge," said Frank Little, division vice president, 3M Electronic
Solutions Division. "Together 3M and Credence Technologies will offer a
powerful lineup of products, technology, and industry experience that
will help customers increase productivity and product reliability."
The addition of Credence Technologies builds on 3M's previously
announced acquisition of SCC Products Inc. and JJ Converting LLC,
producers of flexible static control packaging and workstation products
for electronic devices. 3M's Electronic Solutions Division provides
products and solutions to meet the electronic industry's challenges of
protecting electronic devices from electrostatic discharge throughout
production, assembly, installation and transportation processes.
Credence Technologies employs approximately 12 people at its
operations in Soquel, near Santa Cruz.
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