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 equipment portfolio, system related upgrades and service needs.”

For over 40 years, YES has been at the leading edge of material modification and surface enhancement solutions.  Starting out as a small, R&D focused company making lab tools, YES has transformed itself into a trusted manufacturer of extremely reliable, high-value, high-volume manufacturing equipment.

For questions, please contact Patrik Johansson, Global Marketing Communications Manager, Kanthal, at patrik.a.johansson@kanthal.com or +46 (0)70 616 2726

Kanthal^® is a world-leading brand for products and services in the fields of sustainable industrial heating technology and resistance materials. The company is part of the Sandvik Group and has a strong tradition in innovation and extensive investments in R&D.

The company revolutionized the heating industry in 1931 by introducing the iron-chromium-aluminum (FeCrAl) alloy. Since then, Kanthal has launched game-changing materials and products, such as the high-power molybdenum disilicide (MoSi2) Kanthal^® Super heating elements and the corrosion-resistant materials Kanthal^® APM and APMT. In 2019, Kanthal launched their additive manufacturing services with Kanthal^® AM100, the world’s first alloy for heating application that is specially developed for 3D-printing.