September 25, 2019
Semiconductors and Electronics, Industrial Technology
Mergers and Acquisitions
GCA Advises LeanTeq on Its Sale to EnPro
GCA is pleased to announce that EnPro Industries, Inc. (“EnPro”) (NYSE: NPO) has acquired 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.