North Bay Business Journal

Monday, May 20, 2013, 6:03 pm

Santa Rosa’s Thermal Technology acquired

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    SANTA ROSA — GT Advanced Technologies Inc. (GTAT), a U.S. supplier of manufacturing equipment for solar and energy-efficient lighting products, has announced the acquisition of Thermal Technology LLC of Santa Rosa in a deal that values the supplier of high-temperature furnaces at more than $14.7 million.

    GT Advanced provided 3.4 million shares of common stock and agreed to pay an unspecified amount in the future, the Nashua, N.H.-based company said in a statement today.

    Thermal Technology makes high-temperature thermal and vacuum systems that GT Advanced will use to make products including sapphire cover screens for touch-sensitive electronic devices.

    In 2012, Thermal Technology reported that it had about 70 employees.

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