MKS Instruments Closes on On-Line Technologies Acquisition

Apr 30, 2001, 01:00 ET from MKS Instruments, Inc.

    ANDOVER, Mass., April 30 /PRNewswire/ -- MKS Instruments, Inc.
 (Nasdaq: MKSI), a leading supplier of gas measurement, control and analysis
 products, reactive gas generator and power delivery products used in
 semiconductor and other advanced thin-film manufacturing processes, announced
 today the closing of its acquisition of On-Line Technologies, a leading
 supplier of measurement and control products used for gas analysis, wafer
 metrology and process control.
     On-Line, based in East Hartford, Conn., designs and manufactures an
 advanced range of gas analysis and wafer metrology products based on its
 proprietary FTIR spectrometer as well as complementary analysis and control
 software.  This acquisition adds complementary gas-analysis products to the
 MKS portfolio and adds metrology products to MKS' strong presence in the
 Advanced Semiconductor and Optoelectronics markets.
     The On-Line products will become part of a technologically advanced
 product family that includes MKS' Baratron(R) pressure measurement and control
 products, HPS(R) vacuum subsystem products, Mass-Flo(R) advanced materials
 delivery products, Spectra(TM) process monitor products, DIP(TM) digital
 process control network products, and ASTeX(R) reactive gas generator and
 power delivery products.
     John Bertucci, Chairman and CEO of MKS, said, "We are very pleased to add
 On-Line's founder and President, Dr. Peter Solomon, and his strong technical
 organization to the MKS team.  We believe the market served by the On-Line
 Product group will continue to grow as manufacturing processes become
 increasingly more sophisticated and the value of wafers continues to increase.
 The expanded product offering resulting from this combination demonstrates
 MKS' commitment to provide our customers with leading edge products in all the
 areas we serve, and to enter new markets that help our customers maximize
 their process productivity."
     Under terms of the agreement announced March 16, 2001, the acquisition
 transaction includes approximately 660,000 shares of MKS stock, contingent
 payments of approximately $1.5 million and assumption of On-Line debt of
 approximately $9.2 million.  On-Line is MKS' sixth acquisition since going
 public in the spring of 1999, and is part of the Company's ongoing strategy to
 broaden its product and technology portfolio and its commitment to provide a
 suite of leading edge, best-in-class products.
     For further information on MKS, visit http://www.mksinst.com .
 
     MKS Instruments, Inc. is a leading worldwide developer, manufacturer and
 supplier of instruments, components and subsystems used to measure, control,
 and analyze gases in semiconductor manufacturing and similar industrial
 manufacturing processes and a leading developer, manufacturer and supplier of
 reactive gas generation and power delivery products.  MKS Instruments, Inc.
 sold products to more than 4,000 customers in 2000.  In addition to silicon-
 based semiconductors, MKS' products are used in processes to manufacture a
 diverse range of consumer and industrial products, such as compound
 semiconductors, optical filters, fiber optic cables, flat panel displays,
 lighting devices such as LEDs, magnetic and optical storage media,
 architectural glass, solar panels, gas lasers and medical imaging equipment.
 
     This report may contain projections or other forward-looking statements
 regarding future events or the future financial performance of MKS.  These
 projections or statements are only predictions.  Actual events or results may
 differ materially from those in the projections or other forward-looking
 statements set forth herein.  Among the important factors that could cause
 actual events to differ materially from those in the projections or other
 forward-looking statements are the challenges and risks involved with
 integrating the operations of MKS and Applied Science and Technology, Inc.,
 potential fluctuations in quarterly results, dependence on new product
 development, rapid technological and market change, acquisition strategy,
 manufacturing and sourcing risks, volatility of stock price, international
 operations, financial risk management, and future growth subject to risks.
 Readers are referred to MKS' filings with the Securities and Exchange
 Commission, including its most recent filings on Form 10-K and 10-Q, for a
 discussion of these and other important risk factors concerning MKS and its
 operations.
 
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SOURCE MKS Instruments, Inc.
    ANDOVER, Mass., April 30 /PRNewswire/ -- MKS Instruments, Inc.
 (Nasdaq: MKSI), a leading supplier of gas measurement, control and analysis
 products, reactive gas generator and power delivery products used in
 semiconductor and other advanced thin-film manufacturing processes, announced
 today the closing of its acquisition of On-Line Technologies, a leading
 supplier of measurement and control products used for gas analysis, wafer
 metrology and process control.
     On-Line, based in East Hartford, Conn., designs and manufactures an
 advanced range of gas analysis and wafer metrology products based on its
 proprietary FTIR spectrometer as well as complementary analysis and control
 software.  This acquisition adds complementary gas-analysis products to the
 MKS portfolio and adds metrology products to MKS' strong presence in the
 Advanced Semiconductor and Optoelectronics markets.
     The On-Line products will become part of a technologically advanced
 product family that includes MKS' Baratron(R) pressure measurement and control
 products, HPS(R) vacuum subsystem products, Mass-Flo(R) advanced materials
 delivery products, Spectra(TM) process monitor products, DIP(TM) digital
 process control network products, and ASTeX(R) reactive gas generator and
 power delivery products.
     John Bertucci, Chairman and CEO of MKS, said, "We are very pleased to add
 On-Line's founder and President, Dr. Peter Solomon, and his strong technical
 organization to the MKS team.  We believe the market served by the On-Line
 Product group will continue to grow as manufacturing processes become
 increasingly more sophisticated and the value of wafers continues to increase.
 The expanded product offering resulting from this combination demonstrates
 MKS' commitment to provide our customers with leading edge products in all the
 areas we serve, and to enter new markets that help our customers maximize
 their process productivity."
     Under terms of the agreement announced March 16, 2001, the acquisition
 transaction includes approximately 660,000 shares of MKS stock, contingent
 payments of approximately $1.5 million and assumption of On-Line debt of
 approximately $9.2 million.  On-Line is MKS' sixth acquisition since going
 public in the spring of 1999, and is part of the Company's ongoing strategy to
 broaden its product and technology portfolio and its commitment to provide a
 suite of leading edge, best-in-class products.
     For further information on MKS, visit http://www.mksinst.com .
 
     MKS Instruments, Inc. is a leading worldwide developer, manufacturer and
 supplier of instruments, components and subsystems used to measure, control,
 and analyze gases in semiconductor manufacturing and similar industrial
 manufacturing processes and a leading developer, manufacturer and supplier of
 reactive gas generation and power delivery products.  MKS Instruments, Inc.
 sold products to more than 4,000 customers in 2000.  In addition to silicon-
 based semiconductors, MKS' products are used in processes to manufacture a
 diverse range of consumer and industrial products, such as compound
 semiconductors, optical filters, fiber optic cables, flat panel displays,
 lighting devices such as LEDs, magnetic and optical storage media,
 architectural glass, solar panels, gas lasers and medical imaging equipment.
 
     This report may contain projections or other forward-looking statements
 regarding future events or the future financial performance of MKS.  These
 projections or statements are only predictions.  Actual events or results may
 differ materially from those in the projections or other forward-looking
 statements set forth herein.  Among the important factors that could cause
 actual events to differ materially from those in the projections or other
 forward-looking statements are the challenges and risks involved with
 integrating the operations of MKS and Applied Science and Technology, Inc.,
 potential fluctuations in quarterly results, dependence on new product
 development, rapid technological and market change, acquisition strategy,
 manufacturing and sourcing risks, volatility of stock price, international
 operations, financial risk management, and future growth subject to risks.
 Readers are referred to MKS' filings with the Securities and Exchange
 Commission, including its most recent filings on Form 10-K and 10-Q, for a
 discussion of these and other important risk factors concerning MKS and its
 operations.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X66878512
 
 SOURCE  MKS Instruments, Inc.