ASML Closes on Berliner Glas Acquisition

Lithographic equipment and chip-making materials developer ASML announced it closed on its previously announced acquisition of Berliner Glas, the German provider of optical key components and refined technical glass. The Berliner Glas management group continues to run the company, per the agreement, which was announced in July.

ASML recently announced strong third-quarter earnings; the company’s reported net income for the third quarter was €1.06 billion, up from €627 million. Earnings per share (EPS) rose to €2.53 from €1.49 in quarter-three 2019.

For the third quarter, the company posted total net sales of €3.96 billion, compared to last year’s €2.98 billion.

*$1 million U.S. = €1.16 million