Veeco's Merger with Axcelis Technologies Now Expected to Close by End of Q1 2027

Veeco Instruments Inc. announced an updated timeline for its pending all-stock merger with Axcelis Technologies, Inc. The transaction, originally agreed upon on September 30, 2025, is now expected to close by the end of the first quarter of 2027, subject to the satisfaction of all closing conditions.

Key Details

• New Closing Timeline: The merger is now anticipated to close by the end of Q1 2027.
• Regulatory Delays: The revised timeline is due to pending regulatory approval from the State Administration for Market Regulation (SAMR) of China. The companies also plan to re-file under the Hart-Scott-Rodino (HSR) Act as the current clearance is expiring.
• Merger Terms: Upon closing, each share of Veeco common stock will be converted into 0.3575 shares of Axcelis common stock.