Kanthal (heating technology company) announced the agreement to divest its semiconductor capital equipment business to Yield Engineering Systems, Inc. (YES), headquartered in Fremont, CA, USA.
The divestment closed on October 6, 2021, for an undisclosed amount and is in line with Kanthal’s commitment to continuous portfolio optimization.
We have a strong focus to grow within our core business, which is sustainable industrial heating solutions,” said Anders Björklund, President at Kanthal. “YES is perfectly equipped to take ownership of our semiconductor related capital equipment portfolio, system related upgrades and service needs.”
For over 40 years, YES has been at the leading edge of material modification and surface enhancement solutions. Starting out as a small, R&D focused company making lab tools, YES has transformed itself into a trusted manufacturer of extremely reliable, high-value, high-volume manufacturing equipment.
Moving forward Kanthal will continue to produce a core portfolio of semiconductor and solar related resistance based cassettes and heating elements, vacuumed formed insulating products and a variety of industrial heating elements and related accessories.