Orbotech

Company Overview

Snapshot

Founded in February 1981, Orbotech operates with over 1,000 employees. The company was acquired by KLA in March 2018, marking a significant exit in the Industrial Technologies sector.

Business overview

Orbotech provides yield-enhancing and process-enabling solutions for the manufacturing of electronics products. The company's core technology focuses on inspecting, patterning, and verifying the quality of printed circuit boards (PCBs), flat panel displays (FPDs), and semiconductor devices (SDs). Orbotech serves electronic-device manufacturers by enabling the production of next-generation electronics and improving the cost-effectiveness of existing and future production processes, operating within the Industrial Technologies sector.

Strategic signal

In June 2020, Orbotech announced plans to increase its Israel-based production capacity by 20%. This expansion signals a strategic move to strengthen manufacturing capabilities and meet growing demand, indicating a commitment to operational growth and efficiency within its core markets.

Company Intelligence Q&A

When was Orbotech acquired?

Orbotech was acquired by KLA in March 2018. This acquisition led to its delisting from NASDAQ in February 2019.

What was a significant acquisition made by Orbotech?

In December 2018, Orbotech acquired the remaining 50% stake in Frontline PCB Solutions.

What was Orbotech's initial public offering (IPO) date?

Orbotech completed its Initial Public Offering (IPO) in August 1984, listing on NASDAQ under the ticker ORBK.

What strategic deal did Orbotech secure in 2017?

In June 2017, Orbotech secured a $24 million deal for flat panel displays in China. In August 2017, Orbotech also inked a deal with Unimicron for PCBs.

What was a notable order received by Orbotech in 2015?

In December 2015, Orbotech received $57 million in orders from a leading semiconductor manufacturing company to support Fan-Out Wafer Level Packaging Production.