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On 16 June 2022, it was announced that Applied Materials has acquired Picosun Oy and its subsidiaries.
Picosun is an Espoo based semiconductor equipment business which is known to be the leading ALD thin film coating technology company in the world with annual net sales of ca. €42 million and having over 200 employees across the globe.
EY provided exit readiness, financial and tax advice as well as other relevant support to Picosun in the process. It provides yet another great example of EY’s capabilities to support our clients in complex cross-border transactions by combining expertise across a number of competency areas.
The EY team in the process included amongst others Päivi Pakarinen, Kalle Koskinen, Joonas Juvonen, Topi Kauttu, Linda Wagner and Sami Saloniemi.
EY contacts: Päivi Pakarinen, Kalle Koskinen, Joonas Juvonen
Summary
EY provided transaction services including exit readiness, financial and tax advice to Picosun in the sale of the business to Applied Materials