Axcelis Technologies Stockholders Approve Merger With Veeco; Integration Underway

Axcelis Advances Combination with Veeco After Shareholder Vote

Shareholder Approval Paves Way for Operational Integration

Axcelis Technologies says its stockholders approve all proposals related to a pending merger with Veeco Instruments at a special meeting, moving the companies into the next phase of integrating their semiconductor equipment businesses. The vote clears a key corporate governance hurdle and allows management to focus on aligning product portfolios in ion implantation, epitaxy and other wafer fabrication toolsets that underpin advanced logic and memory production.

Company statements emphasize that the merger is intended to combine Axcelis’s more than 45 years of experience in high‑productivity ion implantation systems and lifecycle support with Veeco’s complementary process tool capabilities, aiming to broaden service offerings and accelerate R&D for next‑generation nodes. Executives frame the deal as a strategic response to rising customer demand for integrated equipment solutions and tighter supply chain coordination, particularly for customers pushing aggressive timelines on chip scaling and power efficiency.

Axcelis and Veeco stress that operational integration planning proceeds while customary closing conditions remain outstanding, including regulatory approval in key jurisdictions. Management teams are preparing integration roadmaps, customer engagement plans and combined support structures to minimize disruptions to fabs and maintain service continuity during the transition, while signalling continued emphasis on product uptime and long‑cycle service contracts.

Filings and Regulatory Steps

Axcelis discloses that it filed a registration statement on Form S‑4 in December 2025, which the U.S. Securities and Exchange Commission declares effective at the end of that month, and that both companies filed a joint definitive proxy statement/prospectus and commence mailing materials to stockholders. The company says it will report final voting results in a Form 8‑K and reminds stakeholders that the S‑4 and joint proxy contain important information about the merger and related procedures.

Completion of the merger remains subject to customary closing conditions, including final regulatory approval from China’s State Administration for Market Regulation, and Axcelis and Veeco continue to expect closing in the second half of 2026. Victory Merger Sub, Inc. is identified as the merger subsidiary in the agreement, and Axcelis points interested parties to SEC filings and its investor relations site for updates and any amendments.