Hill Ward Henderson is advising Semilab International in the sale of its U.S. operations (Semilab USA LLC) to Onto Innovation Inc. (NYSE: ONTO) for $475 million in cash and 706,215 shares of Onto Innovation common stock. The total transaction value is approximately $545 million. The parties have entered into a definitive agreement pursuant to which Onto Innovations will acquire Semilab’s materials analysis business (consisting of the FAaST, CnCV, MBIR and EIR product lines). The transaction is subject to U.S. and Hungarian regulatory approvals and customary closing conditions and is expected to close in the second half of 2025.
The Hill Ward Henderson team includes shareholders R. Reid Haney, Eric J. Hall and G. Matthew Lastinger, and associate Ryan J. Maloney (corporate), and also includes shareholder P. Prestin Weidner (tax); shareholders Stephen E. Kelly and Andriy Lytvyn (intellectual property); shareholder Roland S. Chase (securities); shareholder Kirsten L. Vignec (executive and employee benefits); shareholder Jeffrey J. Wilcox (labor & employment); senior counsel Lisa G. Gilleland (real estate); and associate Patrick A. Reid (data privacy).