Tempress has been acquired by Innovation Industries

Amtech Systems, Inc has sold Tempress to Innovation Industries.

Tempress develops and manufactures equipment to produce solar cells and semiconductors. The company’s diffusion furnaces generally consist of three large modules: the load station, where the loading of the wafers occurs; the furnace section, which is comprised of one to five thermal reactor chambers; and the gas distribution cabinet, where the flow of gases into the reactor chambers is controlled; and is often customized to meet the requirements of the customers’ particular processes. Tempress’ main customers are solar panel manufacturers.

Innovation Industries is a European venture capital fund investing in impactful deep tech and focusing on sustainability and scalability.

Amtech Systems is a leading, global manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies and light-emitting diodes (LEDs). The company sells these products to semiconductor and automotive component manufacturers worldwide, particularly in Asia, North America and Europe.

Oaklins’ team in the Netherlands acted as the exclusive sell-side advisor to Tempress’ shareholders.