Veeco Instruments Inc. announced that it has entered into a definitive agreement to combine with Axcelis Technologies, Inc. in an all-stock transaction. The combined company will have an enterprise value of approximately $4.4 billion, based on recent closing share prices and outstanding debt. Veeco stated that the merger will create a leading semiconductor equipment company with an expanded product portfolio and a greater addressable market, now exceeding $5 billion. The merged business will be headquartered in Beverly, Massachusetts, and will operate under a new name, ticker symbol, and brand following the close of the transaction, expected in the second half of 2026.
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