Mecaro merges with subsidiary KVTS

Chip component and material firm Mecaro said on Monday that it was merging with its subsidiary KVTS.

The new shares will be issued. The merger will be completed in August 1. KVTS is a wholly owned subsidiary of Mecaro.

KVTS makes special valves, RTP lamp housing and Hot N2 for semiconductors.

It had supplied its goods to South Korean and overseas fab equipment makers.

Mecaro will adopt KVTS’ technologies to increase its product competitiveness, it said.

KVTS will create synergy with Mecaro’s own component business, the company said.

Mecaro will also develop valves that local fab equipment makers are relying on imports to procure, it added.