SINGAPORE -- A Kulicke and Soffa subsidiary has signed a definitive agreement to acquire Advanced Jet Automation, a Taiwanese OEM of high-precision micro dispensing equipment and solutions.

The acquisition is expected to close in the second quarter of the company's fiscal 2023, subject to customary closing conditions, including applicable regulatory approvals. Financial terms were not disclosed.

The acquisition will enhance the company's semiconductor, electronics assembly and advanced display portfolio while also providing new access to the broader dispensing market.

The dispensing equipment market is expected to approach $2 billion in 2023, providing K&S with new growth opportunities. Additionally, the new entity's existing market position and competencies in high-precision dispensing complement Kulicke & Soffa's long-term opportunities in electronics assembly, advanced packaging and mini and micro-LED.

The acquisition includes the design and manufacture of high-precision dispensing equipment capable of flux, solder paste, epoxy, adhesives and underfill applications.

"This is an exciting acquisition that will further expand K&S' capabilities, delivering complementary technology and products for the advanced packaging and advanced display industry. Leveraging the collective talent and experience of K&S and AJA, we are well-prepared to accelerate growth and deliver innovative solutions to support the increasingly complex needs of our customers as well as the market," said Chan Pin Chong, executive vice president and general manager, Products & Solutions, Kulicke & Soffa.

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