EnPro Industries, Inc. (NYSE: NPO), an industrial technology company has completed its acquisition of NxEdge.
NxEdge is a manufacturing, cleaning, coating and refurbishment business in the semiconductor value chain, from Trive Capital for $850 million. The deal was previously announced November 5th, 2021.
“We are excited to welcome the NxEdge team to Enpro as we take this important step forward together in our portfolio reshaping strategy,” said Eric Vaillancourt, president and CEO. “With NxEdge, we are well-positioned to significantly enhance the scale and breadth of our offerings across the semiconductor value chain, expand our relationships with customers and benefit from new, high-margin revenue streams. We have a comprehensive integration plan in place, and we look forward to capitalizing on the robust growth and value-creation opportunities this combination presents.”