SüssMicroTec SE

Süss MicroTec SE is a leading supplier of innovative systems and process solutions for micro structuring applications for the semiconductor industry (advanced back-end and front-end process steps) and related niche markets (e.g. MEMS sensors, 3D integration, LED).

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9.0%

Ownership

2016

Investment year

Registered office
Garching, Germany
Business Sector
TMT

“German manufacturer of process equipment for niche semiconductor manufacturing (mainly back-end): micro-electro-mechanical sensors (MEMS), advanced packaging, 3D integration and LED”

The company operates through four divisions, namely back-end lithography (60% of FY 2021 sales), photomask processing (18%), wafer bonding (12%) and micro-optical components (10%).

Investment thesis

Our investment thesis is built on several attractive attributes:

  • Structurally growing markets, driven by mega trends such as digitization and 5G, which create significant demand for semiconductors
  • Market and technology leadership, being a leading player for mask aligners, coater / developer clusters, wafer bonders and photomask cleaning equipment
  • Strong value creation potential fuelled by significant revenue growth and margin enhancement

Achievements

  • Supervisory Board reshuffled and reinforced since 2020
  • Review and sharpening of the group’s strategy and operations
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