Intevac Inc. (IVAC)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
IVAC Chart
Seagate Inks Deal to Acquire Intevac in $119 Million All-Cash Deal
STX will buy Intevac for $4.00 per share in an all-cash transaction. The buyout is expected to close by late March or early April 2025.
Seagate acquires Intevac, which makes equipment for hard disk drives, for $119M
Seagate, the data storage company, has announced its intent to acquire Intevac, a hard drive equipment producer, in an all-cash deal worth $119 million.
Intevac, Inc. (IVAC) Q3 2024 Earnings Call Transcript
Intevac, Inc. (NASDAQ:IVAC ) Q3 2024 Earnings Conference Call November 11, 2024 4:30 PM ET Company Participants Nigel Hunton - President, Chief Executive Officer Cameron McAulay - Chief Financial Officer Claire McAdams - Investor Relations Conference Call Participants Peter Wright - PartnerCap Securities Mark Miller - Benchmark Hendi Susanto - Gabelli Funds Operator Greetings, and welcome to Intevac's Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
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Intevac Inc. Profile
| - Industry | - Sector | Mr. Nigel D. Hunton CEO | NASDAQ (NGS) Exchange | 461148108 CUSIP |
| US Country | 126 Employees | - Last Dividend | - Last Split | 21 Nov 1995 IPO Date |
Overview
Intevac, Inc. is a pioneering company founded in 1990 and headquartered in Santa Clara, California, known for its specialization in designing, developing, and manufacturing advanced thin-film processing systems. These systems find applications across a variety of industries in the United States, Europe, and Asia. Intevac is committed to innovation in the field of vacuum technology, aiming to provide solutions for the production of small substrates with exact thin-film properties. The firm primarily caters to markets such as hard disk drives and advanced coatings, among others, looking to meet the specific needs of these sectors through cutting-edge equipment and technologies. The company ensures its global presence is felt through a combination of direct sales force and strategic distributors located in key markets such as Japan and China.
Products and Services
Intevac, Inc. offers a diverse range of products and services geared towards the manufacturing of high-precision thin films. These include:
- Thin-film Processing Systems: These systems are designed for the manufacturing of small substrates with precise thin-film properties. Intevac's technology is crucial for industries that demand high accuracy and efficiency in the application of thin films.
- Hard Disk Drive Manufacturing Solutions: Intevac is a key player in the development of equipment for the production of thin films used in hard disk drives. Their solutions cater to the evolving needs of the data storage industry, emphasizing reliability and innovation.
- Advanced Coatings: The company also specializes in vacuum process equipment that is critical for the development of advanced coatings. These coatings have diverse applications, including wear-resistant, decorative, and functional coatings that enhance the performance and longevity of various products.
Intevac's approach to market its products is through a combination of its direct sales force and partnerships with distributors in strategic locations such as Japan and China, ensuring its solutions are accessible to a global customer base.
