Axcelis Updates Veeco Merger Timeline, Now Expects Closing by End of Q1 2027

Axcelis Technologies announced an updated timeline for its pending all-stock merger with Veeco Instruments Inc. The company now anticipates the transaction will close by the end of the first quarter of 2027. The completion of the merger, originally announced on September 30, 2025, remains subject to the satisfaction of closing conditions, including key regulatory approvals.

Key Details

• New Timeline: The merger closing is now expected by the end of the first quarter of 2027.
• Regulatory Hurdles: The updated timeline is due to pending regulatory approval from the State Administration for Market Regulation (SAMR) of China and the need to refile under the Hart-Scott-Rodino (HSR) Act in the U.S. as the current clearance is expiring.
• Merger Background: The original Agreement and Plan of Merger with Veeco Instruments was entered into on September 30, 2025.