Schlumberger acquires IVS
Boston, MA (1997) – Mirus Capital Advisors announced the sale of Interactive Vision Systems (IVS), a provider of metrology systems to the semiconductor industry, to Schlumberger. The principals of Mirus (fka Ross Crossland Weston) were retained by IVS on an exclusive basis, initiated the transaction, and negotiated the deal with Schlumberger, which paid in excess of $30 million in cash and other consideration for IVS.
IVS was founded in 1980 from a project at MIT Lincoln Laboratory to design image processing systems for advanced research applications. The focus of the company quickly turned to Overlay Metrology Systems for the Semiconductor Industry, and in 1985 the first automated system was delivered to Motorola as the ACV3. From there, IVS grew to become a dominant force in optical CD and Overlay metrology systems.
About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care, and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.merger.com.Back to Transactions