Applied Materials Completes Acquisition of Consilium

Applied Materials Inc. announced that it has completed the acquisition of Consilium Inc., a supplier of integrated semiconductor and electronics manufacturing execution systems (MES) software and services. The stock-for-stock merger was originally announced on October 12, 1998 and was approved by a vote of the shareholders of Consilium on December 10, 1998.

Under the terms of the acquisition, which will be accounted for as a pooling-of-interests, each share of Consilium stock was exchanged for 0.165 of a share of Applied Materials' common stock. Applied Materials issued approximately 2 million shares of its common stock to complete the transaction. Consilium will operate as a wholly-owned subsidiary of Applied Materials.

Headquartered in Mountain View, CA, Consilium's products have been helping world-class semiconductor and electronics manufacturers improve fab utilization for nearly 20 years. Consilium will continue to support and enhance its market leading WorkStream DFS product family as well as invest in its Fab 300 automation factory control solution.