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Minnesota maker of chipmaking equipment is sold for $380M

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Minnesota maker of chipmaking equipment is sold for 0M


CyberOptics Corp., the Golden Valley agency that’s Minnesota’s greatest participant within the semiconductor tools enterprise, is being bought by a bigger agency for $380 million in money.

Within the deal introduced Monday, Nordson Corp., based mostly in suburban Cleveland, will add CyberOptics’ tools for inspecting chips and testing the alignment of silicon wafers to its bigger portfolio of chipmaking instruments.

CyberOptics simply two weeks in the past reported that its first-half gross sales had been up 21% and it was on monitor for its first yr of income exceeding $100 million. Its enterprise will develop at a quicker price as a part of an organization with extra clients, mentioned Subodh Kulkarni, chief government at CyberOptics.

“The problem we as a small firm have had is an absence of following via world channels and scale,” Kulkarni mentioned. “With the mixture of Nordson’s scale and our expertise, we imagine the expansion will probably be considerably quicker going ahead.”

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Nordson, which has annual income of round $2.5 billion, mentioned it will pay $54 a share for CyberOptics. That value represents a peak valuation for CyberOptics and 47% over the typical of its each day inventory value through the previous month.

Shares in CyberOptics soared 29% on Monday to $53.03.

Sundaram Nagarajan, chief government of Nordson, mentioned that CyberOptics’ 3D optical sensing expertise and wi-fi measurement sensors will broaden Nordson’s attain in chipmaking tools.

“We’ll put money into CyberOptics’ best alternatives for worthwhile progress whereas additionally offering some great benefits of our world enterprise infrastructure,” he mentioned in an announcement.

CyberOptics will stay in Golden Valley and its 200 staff will be a part of Nordson, which makes valves, meters, nozzles and different merchandise for chipmakers. It additionally makes sealants, coatings and different merchandise used within the aerospace, protection, development and automotive industries.

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For a few years, CyberOptics was the one Minnesota agency whose market worth tracked with investor sentiment concerning the broader semiconductor trade. Its share worth tripled in 2016, for example, when CyberOptics rolled out new improvements and the chip cycle was on the upswing. It outperformed all different Minnesota-based shares that yr.

Beneath Kulkarni’s management over the past eight years, CyberOptics’ market worth grew tenfold. Its gross sales within the final 5 years grew a mean of 15%, together with the impact of a decline in 2019. And its order backlog reached a report $55 million this summer season.

“Within the final two years, the expansion price has been actually good. A part of that has been the pandemic and the semiconductor scarcity,” Kulkarni mentioned. “That has continued, however on the similar time we imagine the shortage of a worldwide [distribution] channel was hurting our total outcomes.”

Kulkarni mentioned he expects Nordson will ramp up improvement and manufacturing at CyberOptics, which additionally has a plant in Singapore.

“I’m fairly assured they may have the ability to develop quicker than what we’ve,” Kulkarni mentioned. “I anticipate our Golden Valley facility and corresponding Singapore facility to proceed to do effectively and proceed to develop jobs.”

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The deal is predicted to shut by the top of the yr. Kulkarni’s position on the firm after the sale continues to be to be decided, he mentioned.



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Quick Hits: Steven Crowl, Wisconsin Use Big Second Half to Beat Minnesota

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Quick Hits: Steven Crowl, Wisconsin Use Big Second Half to Beat Minnesota


MADISON, Wis. – Steven Crowl got run into by Minnesota forward Frank Mitchell with a head of steam. No foul was called, much to the frustration of the Wisconsin bench. When the Badgers coaching staff and reserves saw next, it elicited a different reaction.

Crowl drove to the open lane with Mitchell out of position and the bench erupted with fist pumps after he finished with his right hand, again through contact from Mitchell for a three-point play. It added to the momentum of a big second half that turned a close game into an 80-59 Wisconsin rout over the Gophers at the Kohl Center.

Wisconsin (13-3, 4-2 Big Ten) ran its winning streak to five games and as the Badgers and Crowl continued mastery over the Gophers. UW has won eight straight against its border rivals and Crowl – following his team-high 18 points – is averaging 15.7 points on 66.1 percent shooting in six career starts against his home-state team.

John Tonje added 11 of his 16 points in the second half, as the Badgers shot 57.7 percent in the second half to outscore Minnesota, 50-30.

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Wisconsin went 11-for-28 from three, three of which came on a 13-2 run early in the second half that pushed the lead to double digits. Nolan Winter (eight points), John Blackwell (nine), and Crowl all hit from the perimeter over a 2-minute, 40-second run, hitting as many threes as UW hit the entire first half.

Dawson Garcia was the only player in double figures for Minnesota (8-8, 0-5), finishing with a game-high 22.

The Badgers struggled out of the game with Kamari McGee (15 points) replacing Max Klesmit (right ankle) in the starting lineup. UW started 2-for-10 and got only marginally better throughout the half. McGee, Tonje, and Blackwell combined to shoot 4-for-18 from the floor, as UW shot only 32.3 percent (10-for-31).

Down as many as 10 in the opening minutes, UW chipped away at the deficit to lead at the break with its defense. The Badgers turned eight turnovers into nine points and 3-for-10 on shots around the rim.

Minnesota took the lead on a pair of Garcia free throws early in the second half, but UW outscored them, 40-12, over the next 12 minutes, and 40 seconds.

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What it means: The first half looked like what Wisconsin-Minnesota games have been the last few seasons, as the last five games have been decided by a total of 16 points. The second half looked like the Wisconsin offense we’re getting used to seeing.

Star of the game: Crowl was the only steady offensive weapon through both halves for Wisconsin. The graduate center had nine points on 3-for-4 shooting in the first half and nine points on 3-for-3 shooting in the second half.

Stat of the game: Wisconsin went 19-for-24 from the line while Minnesota was only 8-for-13.

Reason to be Concerned: Klesmit went through warmups but missed his first game in two years, not a surprise after hearing head coach Greg Gard talking about the injury Wednesday. How long Klesmit will be out, especially with some tougher competition coming up on the schedule, is a storyline.

Don’t overlook: Wisconsin has touted its depth since the beginning of the season but stuck with its same starting five and eight-to-nine-man rotation. Without Klesmit, McGee had 15 points, five rebounds, three steals, two assists, and is 3-for-4 on 3-point attempts in his first collegiate start.

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What’s next: Wisconsin stays at home for its opening against Ohio State on Tuesday night. The Buckeyes (10-6, 2-3) registered two of the Big Ten’s best out-of-conference wins in knocking off No.19 Texas and No.4 Kentucky on neutral sites but have struggled in conference play, having lost two of three with the one win coming in double overtime at Minnesota. Led by Bruce Thornton’s 17.1 points, Ohio State has four players averaging in double figures and seven players scoring at least 7.0 per game.

UW has won four of the last five meetings in the series. The tip-off is scheduled for 8 p.m. and will be televised on Peacock.



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Gophers commit Tori Oehrlein continues to dominate, setting MN prep record

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Gophers commit Tori Oehrlein continues to dominate, setting MN prep record


Crosby-Ironton four-star guard Tori Oehrlein verbally committed to the Gophers in November and it looks like they will have a future star when she arrives on campus in 2026. She has absolutely dominated to begin her junior campaign.

Oehrlein has been putting up unbelievable numbers all season, averaging 29.8 points, 16.7 rebounds, 9.5 assists and 7.3 steals per game — and her performance on Tuesday night might’ve been her most impressive.

The 5-foot-11 guard broke the Minnesota high school girls basketball state record with 21 assists in a 113-33 victory over Hinckley-Finlayson. She ended Tuesday night’s game with a ridiculous box score of 30 points, 21 assists, 12 rebounds and 12 steals, marking her third quadruple-double of the season.

Oehrlein is only a junior this year, so head coach Dawn Plitzuweit and the Gophers will have to wait more than a year until she’s able to play for Minnesota. Crosby-Ironton is a perfect 14-0 this season and Oehrlein looks like one of the best players in the state regardless of class.

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According to ESPN’s recruiting rankings, Oehrlein ranks No. 43 nationally in the class of 2026. The only high schooler in Minnesota who ranks high in 2026 is Kentucky commit Maddyn Greenway, who ranks 18th nationally.

Greenway, the daughter of former Vikings linebacker Chad Greenway, is averaging 31.5 points, 6.5 rebounds, 6.8 assists and 4.8 steals per game at Providence Academy.

Another high school phenom who has been offered by the Gophers is Duluth Marshall ninth-grader Chloe Johnson. The class of 2028 recruit is averaging 28.7 points, 8.5 rebounds, 5.5 assists and 3.8 steals per game for the Hilltoppers.

Stay up to date on all things Gophers by bookmarking Minnesota Gophers On SI, subscribing to our YouTube Channel, and signing up to receive our free Gophers newsletter, which will enter you into a drawing for the EA College Gameday 25 video game (you choose between PS5 or Xbox).



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Minnesota plays Memphis, looks for 4th straight win

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Minnesota plays Memphis, looks for 4th straight win


Associated Press

Memphis Grizzlies (24-14, third in the Western Conference) vs. Minnesota Timberwolves (20-17, seventh in the Western Conference)

Minneapolis; Saturday, 8 p.m. EST

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BOTTOM LINE: Minnesota heads into a matchup with Memphis as winners of three games in a row.

The Timberwolves are 16-10 in conference matchups. Minnesota is third in the Western Conference at limiting opponent scoring, giving up just 107.2 points while holding opponents to 45.4% shooting.

The Grizzlies are 11-11 against Western Conference opponents. Memphis ranks second in the league scoring 56.9 points per game in the paint led by Jaren Jackson Jr. averaging 12.1.

The Timberwolves average 15.1 made 3-pointers per game this season, 1.5 more made shots on average than the 13.6 per game the Grizzlies allow. The Grizzlies average 13.9 made 3-pointers per game this season, 1.4 more made shots on average than the 12.5 per game the Timberwolves give up.

TOP PERFORMERS: Anthony Edwards is averaging 25.7 points, 5.7 rebounds and 4.1 assists for the Timberwolves.

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Jackson is scoring 22.6 points per game with 6.4 rebounds and 2.1 assists for the Grizzlies.

LAST 10 GAMES: Timberwolves: 6-4, averaging 107.5 points, 46.0 rebounds, 23.8 assists, 6.7 steals and 4.9 blocks per game while shooting 45.1% from the field. Their opponents have averaged 108.0 points per game.

Grizzlies: 5-5, averaging 122.8 points, 49.5 rebounds, 28.8 assists, 9.1 steals and 5.6 blocks per game while shooting 46.7% from the field. Their opponents have averaged 120.0 points.

INJURIES: Timberwolves: Rob Dillingham: out (ankle).

Grizzlies: Cam Spencer: day to day (thumb), Marcus Smart: out (finger), Vince Williams Jr.: out (ankle), GG Jackson II: out (foot ).

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.




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