EnPro Acquiring Semiconductor Parts Maker NxEdge for $850 Million

Industrial technology company EnPro Industries (NPO) – Get EnPro Industries, Inc. Report on Friday agreed to acquire semiconductor parts and services provider NxEdge from Thrive Capital for $850 million in an all-cash transaction.

NxEdge, an advanced manufacturing, cleaning, coating and refurbishment business that serves semiconductor manufacturers, will become a part of EnPro’s advanced surface technologies segment.

The sale is expected to close by the end of 2021, subject to limited closing conditions, including regulatory approvals.

Shares on EnPro on Friday closed 8.7% higher at $100.23.

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