Onto Innovation amends Semilab deal, cuts price to $495 million and drops EIR business
Onto Innovation amended its Semilab USA acquisition agreement on October 9, 2025, removing the EIR business, which the seller will keep, and lowering the purchase price by about $50 million to about $495 million. The U.S. Department of Justice issued a Second Request on September 25, 2025, which extends the antitrust review, and the company still expects the transaction to close in 2025. The company also affirmed its third quarter guidance first given on August 7, 2025.
- Amendment dated October 9, 2025 excludes the EIR business, about $13 million or 10% of estimated 2025 Semilab USA revenue, which the seller will retain.
- Purchase price is $432,310,000 in cash plus 641,771 shares of common stock, about $495 million based on the June 27, 2025 closing value.
- DOJ Second Request received September 25, 2025 extends the HSR Act waiting period; the company expects the transaction to be completed in 2025.
- Company expects the business to be acquired, excluding EIR, to generate about $120 million in annual revenue and raise earnings per share about 10% in the first year after closing.