Completion is subject to various conditions, including regulatory approvals.
It builds on our acquisition of Systems Chemistry two years ago and reflects our strategy for growth and expansion. FSI has a world-class reputation in the field of chemical management and has strong technological leadership in what is a fast growing segment of the semiconductor industry. In addition, the company has developed excellent relationships with many of the world's leading semiconductor manufacturers built on innovation, quality and reliability. The trend in this subsystems industry is toward gas and chemical alliances to focus upon Total Materials Management. We are pleased that FSI's Chemical Management Division will become part of BOC Edwards, which is a worldwide leader in the industry and well positioned to support our customers.