New Delhi: Semiconductor equipment maker MKS Instruments Inc has approached Atotech Ltd, a specialty chemicals group that has a market value of $4.7 billion, with an acquisition offer, people familiar with the matter said on Thursday.
The potential combination would expand MKS‘s offerings in chip manufacturing through the addition of Atotech’s plating chemicals. It would come a few months after Atotech was floated on the stock market by its private equity owner Carlyle Group Inc.
There is no certainty that Atotech will engage in negotiations with MKS or that any deal will be reached, the sources said, requesting anonymity because the matter is confidential. Details of the offer could not be learned.
Spokespeople for MKS and Carlyle both declined to comment, while Atotech did not respond to a request for comment.
Based in Berlin, Atotech’s offerings are used in the manufacturing of smartphones, as well as for automotive,…