Exyte CEO Büchele: “Acquisition will strengthen our position to support customers with technical solutions for their exhaust management.”
International engineering company Exyte has completed the acquisition of Airgard, a US-based specialist in exhaust gas cleaning technology.
Founded in 1988 and based in Milpitas, California, Airgard is a market leader in the development and manufacturing of ‘wet’ scrubbers. Airgard’s wet scrubbers are used globally by many key players in the semiconductor industry.
With various US and global patents along with numerous pending applications, the company has consistently grown their market share by developing proprietary solutions in the highly technical Point-of-Use semiconductor process gas scrubbing application. Airgard forecasts sales in the mid double-digit million-euro range in the current year. Revenue is expected to increase driven by the growth of the semiconductor industry.
In addition, Airgard’s products will also gain market share through its proprietary technology that substantially reduces regulated greenhouse gases allowing its users to significantly reduce environmentally harmful emissions.
Airgard will add Point-of-Use scrubbing products to our technology offering, which will strengthen the technology know-how and accelerate the growth of Exyte’s Business Area T&S
“The acquisition of Airgard will strengthen Exyte’s position to support our customers with technical solutions for their exhaust management, also in light of the increasing standards that come up with Environmental, Social and Governance (ESG) regulations and requirements," said Dr Wolfgang Büchele, CEO of Exyte.
With the acquisition, Exyte builds on its strategy of vertical integration by strengthening its business in the area of mission-critical technology and services. The Technology & Services (T&S) Business Area was formed in 2020 with entities that provide cleanroom technology and installation services. With the acquisition of US based Critical Process Systems Group (CPS) in 2021 the equipment portfolio was enlarged by leading chemical and gas delivery systems and exhaust management, among others, for industries like semiconductors and life sciences.
“Airgard will add Point-of-Use scrubbing products to our technology offering, which will strengthen the technology know-how and accelerate the growth of Exyte’s Business Area T&S. Our customers will benefit from a broader range of Exyte’s high-tech facilities offerings,” added Büchele.
Airgard CEO’s Mark Johnsgard said: “I am delighted to have found a great strategic owner for Airgard. Exyte and Airgard are both committed to enabling our customers to progress with innovative solutions while recognising the need to eliminate adverse impacts to the environment. We share the ambition to constantly improve and support our clients in their technical development and Exyte's excellent market position will provide a great platform to drive Airgard's continued growth.”