July 24, 2019 | Announcements

GCA Advises LeanTeq on Its Sale to EnPro

GCA is pleased to announce that EnPro Industries, Inc. (“EnPro”) (NYSE: NPO) has entered into an agreement to acquire our client LeanTeq Co., Ltd. (“LeanTeq”), a leading provider of cleaning, testing and verification services for advanced semiconductor technology nodes.

LeanTeq provides refurbishment services for critical chamber components and assemblies used in state-of-the-art, advanced node semiconductor equipment. This equipment is used to produce the latest and most technologically advanced microchips for smartphones, autonomous vehicles, high-speed wireless connectivity (5G), artificial intelligence and other leading-edge applications. Founded in 2011, LeanTeq operates facilities in Taiwan and Silicon Valley.

EnPro is a leading manufacturer of highly engineered industrial products for use in critical applications across a diverse range of industries worldwide.

LeanTeq’s proprietary cleaning services, unique technical capabilities and strong relationships with leading semiconductor companies will strengthen and expand EnPro’s existing presence in the semiconductor industry. Upon completion of the transaction, LeanTeq will operate as part of EnPro’s Technetics Group.

The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2019.

GCA is acting as exclusive financial advisor to LeanTeq.

About GCA

GCA is a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 21 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.

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