EnPro Industries,Inc. (NYSE: NPO), and industrial technology company, has acquired NxEdge, an advanced manufacturing, cleaning, coating and refurbishment business that focuses on semiconductor value chain, from Trive Capital.
The acquisition futher advances EnPro’s multi-faceted strategy to accelerate growth in high-growth, high margin industrial technology businesses. Following the sale, NxEdge will join EnPro’s advanced surface technologies segment and will offer differentiated, integrated services.
NxEdge serves customers across the semiconductor supply chain from six facilities located in California and Idaho.
“We are thrilled with the opportunity to join Enpro and bring together our highly complementary assets to unlock significant value,” said Jackson Chao, founder and CEO of NxEdge. “With Enpro, we will be able to fully capitalize on these investments and accelerate our momentum to deliver comprehensive, differentiated solutions to meet our customers’ needs globally and offer expanded career opportunities for our colleagues.”