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September 27, 2013

Doc. No.: NR130927E

SOKUDO Co., Ltd., Share Acquisition establishes Wholly Owned Subsidiary

Dainippon Screen Mfg. Co., Ltd., hereby announces that on September 27, 2013, our board of directors reached a definitive agreement with Applied Materials, Inc. to establish SOKUDO Co., Ltd. as a wholly owned subsidiary company.

1. Explanation of Share Acquisition

 Initially formed in 2006 July from the Dainippon Screen semiconductor-related coat/develop equipment business unit spin-off and subsequent Applied Materials, Inc. (California USA) business engagement and capital investment; SOKUDO operated as a joint venture (52.0% Dainippon Screen and 48.0% Applied Materials ownership ratio) business operation. Three (3) years later the global sales and service organization needed to be streamlined to be more efficient and competitive so both parties agreed to slim company operations in a 2009 July agreement pursuant to which Dainippon Screen acquired shares from Applied Materials (subsequently ownership ratio 81.0% Dainippon Screen and 19.0% Applied Materials) and also transitioned SOKUDO, into a subsidiary company of Dainippon Screen. As semiconductor device requirements continue to drive higher requirements upon equipment manufacturers, on this occasion it was decided to transition SOKUDO to become a wholly owned subsidiary company of Dainippon Screen to accelerate integration with cleaning technology solutions for the market.

 

2. SOKUDO Co., Ltd., Overview

  (1) Trade Name SOKUDO Company, Limited
  (2) Head Office Location Tenjinkita-machi 1-1, Teranouchi-agaru 4-chome, Horikawa-dori, Kamigyo-ku, Kyoto 602-8585 Japan
  (3) Representative Director Tadahiro Suhara, Chief Executive Officer
  (4) Principle Business Development, manufacturing, sales and maintenance of semiconductor-related coat/develop track equipment
  (5) Capital Amount 90 Million Yen
  (6) Incorporation Date 2006 July 3

 

3. Applied Materials, Inc., (from which Company Stock is Acquired) Overview

  (1) Trade Name Applied Materials, Inc.
  (2) Head Office Location 3050 Bowers Avenue, Santa Clara, California 95054 United States of America
  (3) Representative Director Michael R. Splinter(Executive Chairman of the Board of Directors)

 

4. Significant Dates

  (1)  Board of Directors Decision Date 2013 September 27
  (2)  Company Stock Acquisition Date 2013 September 27

 

 

 


Information contained in the news release are current on the date of publication, but may be subject to change without notice. 


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