# VEECO INSTRUMENTS INC (VECO) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_12389b6dcdceaa21d4b6 · retrieved 2026-08-11T16:09:39.270Z

## Overview
Veeco Instruments Inc. manufactures semiconductor processing equipment, including laser annealing systems for wafer fabrication.

Axcelis Technologies and Veeco Instruments entered into an Agreement and Plan of Merger on September 30, 2025, under which Axcelis's wholly owned subsidiary (Merger Sub) will merge with and into Veeco, with Veeco surviving as a wholly owned subsidiary of Axcelis. On January 22, 2026, the United Kingdom Investment Security Unit issued a no further action letter. Axcelis and Veeco waived the condition requiring approval under Sweden's Investment Screening Law on January 27, 2026. The merger remains subject to approval by stockholders of both companies at special meetings scheduled for February 6, 2026, and final regulatory approval from China's State Administration for Market Regulation.

## Terms
- Counterparty: Axcelis Technologies, Inc. · Consideration: stock · Premium: 18.0% · Stake: 40% · Price/share: $0.34

## Key dates
- Announced 2026-01-28 · Vote 2026-02-06

## Timeline
- 2026-01-28 · 425 (0001104659-26-007491): 425 - VEECO INSTRUMENTS INC — *Veeco Instruments Inc. manufactures semiconductor capital equipment, including ion implantation and other specialized equipment used in semiconductor manufacturing and processing.* Veeco Instruments Inc. and Axcelis Technologies, Inc. entered into an Agreement and Plan of Merger on September 30, 2025, whereby Axcelis' wholly-owned subsidiary Victory Merger Sub will merge with and into Veeco, with Veeco surviving as a wholly-owned subsidiary of Axcelis. The transaction is an all-stock combination with a fixed exchange ratio of 0.340x shares of Axcelis common stock for each outstanding share of Veeco common stock, representing an 18% premium to the one-month average exchange ratio prior to the August 12, 2025 proposal and resulting in Veeco stockholders receiving 40% ownership of the combined company. Veeco stockholders will vote on the merger at a special meeting scheduled for February 6, 2026.
  https://www.sec.gov/Archives/edgar/data/103145/0001104659-26-007491.txt
- 2026-02-02 · 425 (0001104659-26-008920): 425 - VEECO INSTRUMENTS INC — *Veeco Instruments Inc. manufactures semiconductor processing equipment, including laser annealing systems for wafer fabrication.* Axcelis Technologies and Veeco Instruments entered into an Agreement and Plan of Merger on September 30, 2025, under which Axcelis's wholly owned subsidiary (Merger Sub) will merge with and into Veeco, with Veeco surviving as a wholly owned subsidiary of Axcelis. On January 22, 2026, the United Kingdom Investment Security Unit issued a no further action letter. Axcelis and Veeco waived the condition requiring approval under Sweden's Investment Screening Law on January 27, 2026. The merger remains subject to approval by stockholders of both companies at special meetings scheduled for February 6, 2026, and final regulatory approval from China's State Administration for Market Regulation.
  https://www.sec.gov/Archives/edgar/data/103145/0001104659-26-008920.txt

## Citations
- 0001104659-26-007491 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926007491
- 0001104659-26-008920 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926008920