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Metrology Companies to Merge

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Veeco Instruments Inc. and FEI Co. have signed a merger agreement under which FEI will become a wholly owned subsidiary of Veeco. The expanded company, which will be renamed Veeco FEI Inc., will exchange an estimated $1 billion in shares for outstanding FEI stocks. The merger will unite Veeco's expertise in process equipment and metrology tools with FEI's strength in structural analysis systems for three-dimensional metrology. The company will be headquartered in Woodbury, N.Y., and FEI's headquarters in Hillsboro, Ore., will be used for research and development and for manufacturing.Read full article

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    Published: September 2002
    Glossary
    metrology
    Metrology is the science and practice of measurement. It encompasses the theoretical and practical aspects of measurement, including the development of measurement standards, techniques, and instruments, as well as the application of measurement principles in various fields. The primary objectives of metrology are to ensure accuracy, reliability, and consistency in measurements and to establish traceability to recognized standards. Metrology plays a crucial role in science, industry,...
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