Exyte, a leading company in the design, engineering, and delivery of high-tech facilities, has announced it intends to acquire Intega, a specialist in high-purity media supply systems.
Corresponding agreements were signed by Exyte and private investment company Nimbus, the current owner of Intega.
Intega develops, plans, and implements high-purity media supply systems. The company's systems provide gas, water, and other chemicals for semiconductor manufacturing facilities and other advanced technology production facilities.
"With the acquisition of Intega, we are strengthening our vertical integration
- Exyte CEO Dr Wolfgang Büchele
Based in Munich, Germany, Intega employs around 300 people and the company currently achieves a sales level of around 60 million euros. The transaction is subject to the necessary approvals by anti-trust authorities. Both parties have agreed not to disclose the purchase price.
Intega was founded in 1946 and is now active at seven locations in Germany, Austria, and Switzerland. Intega's customers are international market and technology leaders from the semiconductor, automotive, chemical, and pharmaceutical industries.
Both companies, at different levels of the value chain, have been working together successfully for decades
- Paul Metten, CEO of Intega
With the acquisition of Intega, Exyte advances its strategy of vertical integration. This foresees strengthening the business in the area of mission-critical equipment and installation services.
Founded in 2021, Exyte's business area Technology & Services (T&S) consists of companies that provide cleanroom technology, mission critical sub-systems and installation services. Intega perfectly complements Exyte's existing portfolio.
Further growth of equipment and installation services
"With the acquisition of Intega, we are strengthening our vertical integration," explained Exyte CEO Dr Wolfgang Büchele. "Intega's offerings and regional presence flawlessly complement our business area Technology & Services. This is the next strategic step in growing our competence in the area of critical sub-systems for advanced technology facilities, especially for the semiconductor industry."
Büchele in addition added that Intega will form the core of Exyte's European service activities. "As a result, the combination of Exyte and Intega will create new growth drivers that will ultimately be advantageous for our clients," he said.
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"With Exyte, Intega is gaining a strategic owner who will accompany and promote our long-term development. Both companies, at different levels of the value chain, have been working together successfully for decades. Exyte is the perfect partner for Intega's expansion in the DACH region and globally, its continued growth, and for the further strengthening and executing of its strategy. Both existing and new customers as well as our employees will benefit from the combined forces of Exyte and Intega," said Paul Metten, CEO of Intega.
"Since our acquisition of Intega in 2018, we have strategically developed the company successfully and managed to realise a strong growth trajectory on a stand-alone basis, both in terms of revenue and profitability. During this time, Intega, together with Nimbus, has significantly expanded its market position through innovations and excellent customer orientation. We are convinced that Exyte is the perfect partner to realise the next growth phase," emphasised Henning Andresen, Managing Partner at Nimbus.
Acquisitions as part of the "Next Level" future agenda
Exyte is currently successfully pursuing its "Pathway to Ten", the goal of achieving sales of ten billion euros by 2027. To this end, the company has defined the future agenda "Next Level". Sales are expected to further increase in all business segments, including strategic acquisitions.
The agreement to acquire Intega is the third acquisition to strengthen Exyte's Technology & Services business area, following the acquisition of the US companies Critical Process Systems Group (CPS) in 2021 and Airgard, Inc. last year.
With these acquisitions, Exyte enlarged the portfolio of T&S by chemical and gas delivery systems as well as exhaust gas management, among others, for industries like semiconductors and life sciences.
In 2022 T&S almost doubled its sales with €775 million (2021: €427 million), which was around 10% of the group's total sales. The strong growth path is also reflected in an order intake of 1.1 billion euros in 2022. In the mid-term, the business area Technology & Services is expected to continue its strong growth path organically and through further bolt-on acquisitions.