Kanthal divests its semiconductor capital equipment business
On October 7, heating technology company Kanthal announced the agreement to divest its semiconductor capital equipment business to Yield Engineering Systems, Inc. (YES), headquartered in Fremont, CA, USA.The divestment closed on October 6, 2021, for an undisclosed amount and is in line with Kanthal’s commitment to continuous portfolio optimization. “We have a strong focus to grow within our core business, which is sustainable industrial heating solutions,” said Anders Björklund, President at Kanthal. “YES is perfectly equipped to take ownership of our semiconductor related capital