As of 29 June 2018, UCT's pro forma Total Debt/Adjusted EBITDA was 2.2x and pro forma Net Debt/Adjusted EBITDA was 1.5x (on an LTM basis after taking into account QGT indebtedness that will be repaid in connection with the closing of the transaction).
QGT is a provider of ultra-high purity outsourced parts cleaning, process tool part recoating, surface treatment and analytical services to the semiconductor and related industries.
is a leading provider of ultra-high purity outsourced parts cleaning, process tool part recoating, surface treatment and analytical services to the semiconductor and related industries.
Martin Haas (Zurich: Theologischer Verlag Zurich, 2008) thereafter cited as QGTS 31, Nr.
Heinold Fast (Zurich: 'Theologischer Verlag Zurich, 1973), 33 [hereafter cited as QGTS
QuantumClean and ChemTrace are divisions of QGT. QuantumClean engages directly with its semiconductor IDM, Foundry and OEM customers to achieve process improvements in next generation applications by providing ultra-high purity chamber parts, validated by ChemTrace, the industry leader in non-destructive part analytical verification.
Partnering with QGT will enable customers to focus on core competencies while removing uncertainties from their process and reducing their total cost of ownership.
Scott Nicholas, president and CEO QGT
, added that it is the only firm to offer ultra-high purity chamber part cleaning validated by a Certificate of Analysis from an accredited laboratory -- ChemTrace.
See QGT, Elsass 1, 62-67, and the excellent summary in Musing, "Anabaptist Movement," 107-112.
(523.) Musing, "Anabaptist Movement," 108; QGT, Elsass 1, 63.
Also, QGT has an option to acquire (and EPCOS has an option to sell) the remaining interest in the joint venture 30 months after the closing date.
In addition, giving effect to the payments to be made at the closing, additional future payments to TDK based on sales by the joint venture of RF filter functions, as well as Qualcomm and TDK's joint collaboration efforts, and assuming QGT's exercise of its option to acquire EPCOS' interest in the joint venture, the aggregate transaction value is expected to be approximately USD3.0bn.