Publicly traded Nanometrics Incorporated and Rudolph Technologies, Inc. engaged Global PMI Partners to provide the acquisition integration services of IMO Mobilization to establish Onto Innovation Inc. (NYSE: ONTO).
Onto Innovation, headquartered in Wilmington, Massachusetts, is expected to be the fourth-largest semiconductor capital equipment supplier by revenue in the U.S. and a top 15 semiconductor equipment company by revenue worldwide, based on Gartner’s most recent semiconductor wafer fab equipment market share report, released in April 2019.
Global PMI Partners deliverables included implementing IMO MobilizationSM, a proven approach to tightly manage M&A integration, leveraging internal team members to optimize integration synergy and to reduce transaction risk.
Mike Plisinski, CEO of Onto Innovation, stated, “We are very impressed with the clarity and efficiency that IMO Mobilization brought to our merger of equals. IMO Mobilization provides a strong foundation for acquisition integration governance, process, and tools as we consider future inorganic growth.”
Rich Rogoff led integration efforts internally at Onto Innovation and Stefan Hofmeyer led the engaged Global PMI Partners’ team.
About Onto Innovation
Onto Innovation is a leader in process control, combining global scale with an expanded portfolio of leading-edge technologies that include: 3D metrology spanning chip features from nanometer scale transistors to large die interconnects; macro defect inspection of wafers and packages; metal interconnect composition; factory analytics; and lithography for advanced semiconductor packaging. Our breadth of offerings across the entire semiconductor value chain helps our customers solve their most difficult yield, device performance, quality, and reliability issues. Onto Innovation strives to optimize customers’ critical path of progress by making them smarter, faster and more efficient. Headquartered in Wilmington, Massachusetts, Onto Innovation supports customers with a worldwide sales and service organization. Additional information can be found at www.ontoinnovation.com.
About Global PMI Partners
Global PMI Partners is an M&A integration consulting firm, specializing in post-merger integration, that helps mid-market companies around the world by delivering exceptional consistency, speed and customized execution on the complex operational, technical and cultural issues that are so critical to M&A success.