Atotech

Atotech is an international speciality chemicals and equipment company. It provides chemistry and equipment for companies that manufacture printed circuit boards, IC-substrates and semiconductors; and also provides specialty chemicals and equipment for decorative and functional surface finishing in the automotive, construction, furniture and other industries.[1]

Atotech
TypePublic
NYSE: ATC
IndustryManufacturer and supplier of surface finishing solutions
PredecessorElf ATOChem (Aquitaine Total Organico) & M & T Harshaw
Founded1993 (1993) in Berlin, Germany
Headquarters
Berlin
,
Germany, Erasmusstrasse 20, 10553
Area served
Worldwide
Key people
  • Geoff Wild (CEO)
  • Peter Frauenknecht (CFO)
  • Harald Ahnert (President Electronics)
  • Gertjan van der Wal (President General Metal Finishing)
  • Dr. Brian Daniels (Vice President R&D)
  • Daniel Wan (Vice President Worldwide Human Resources)
  • John Stephenson (COO)
  • George Yang (Vice President Greater China)
ProductsSpecialty chemicals, equipment and services used in the production of smartphones, communications infrastructure, cloud-computing infrastructure; and in automotive surface finishing and other general industrial end-markets
Number of employees
Approximately 4,000 (End of 2020)
Websitewww.atotech.com

The company has manufacturing, technology centers, and sales and service sites in over 40 countries, including Germany, Czech Republic, Slovenia, Spain, China, Korea, Taiwan, Singapore, India, Japan, United States, Canada, Mexico and Brazil. Its headquarters is in Berlin, Germany.

The company is composed of two main business units: Electronics and General Metal Finishing. Of the over 4,000 employees, approximately 56% are in Asia; 35% are in Europe; and 9% are in the Americas.[2] The company owns approximately 2,300 patents.[3]

Atotech was founded in 1993, when ELFAtochem merged its M&T Harshaw operations with the electroplating division of Schering AG.[4][5]

Major competitors of Atotech are the US-based companies Element Solutions, DuPont, and the French company Coventya.

As of 2020, the company employed approximately 4,000 employees.[6]

History

Atotech traces its origins to Grüne Apotheke founded in Berlin in 1851 by Ernst Christian Friedrich Schering.[7]

In 1901, the electroplating division was launched. It produced salt mixtures for storing metals with the brand name Trisalyt.[8] In 1927, Chemische Fabrik auf Actien (vorm E. Schering) merged with CAF Kahlbaum Chemische Fabrik GmbH to create Schering-Kahlbaum AG (known as Schering AG after 1937).[9]

In 1936, the electroplating division developed the first “fast” electrolyte – Copper Trisalyt Extra Rapid – as well as the world's first gloss surface bath, called 'Brilliant.' The success of these innovations led to the establishment of the first department for electroplating.

In 1951, Schering AG started its electroplating division in Feucht, Germany, where Atotech had its main equipment production site. In 1989, the electroplating division moved to a new location in Berlin, Germany.[10]

In 1993, Schering AG sold its electroplating division to the French chemical company ELF Atochem. Subsequently, ELFAtochem merged its subsidiary M&T Harshaw with the newly acquired electroplating division from Schering AG and founded Atotech Deutschland GmbH.

The company established factories and service centers in Germany. Later, manufacturing and service networks were launched across Europe, Asia, and subsequently in the Americas.

Currently, Atotech's two core business segments are electronics (printed circuit boards and semi-conductors) and general metal finishing, (for automobiles, construction, furniture and more). The company provides custom-made integrated production systems and local service to its customers worldwide.

At the end of 2016, Atotech was sold by Total to the Carlyle Group.[11]

In March 2017, Geoff Wild was appointed as CEO[12] of Atotech. The company's CFO[13] is Peter Frauenknecht. John Stephenson heads the operations of the Group as COO.[14] Josh McMorrow is Group General Counsel for Atotech.[15]

On February 4, 2021, Atotech went public with an IPO on the New York Stock Exchange under the ticker name "ATC".[16]

In July 2021, MKS Instruments agreed to purchase Atotech for $5.1 billion in cash-and stock deal.[17]

Products

Atotech provides specialty chemical processes and equipment for the

References
  1. Total. "Total Announces the Sale of its Specialty Chemicals' Affiliate Atotech to The Carlyle Group for $3.2 billion". total.com. Retrieved 2019-04-16.
  2. Brunelle, Nathalie; Schneider, Reinhard (May 2015). "Innovating the world of specialty chemicals for electronics and surface finishing". Annales des Mines - Realites Industrielles. 2015 (2): 78–81. doi:10.3917/rindu1.152.0078. Retrieved 29 May 2019.
  3. "Atotech: About Us". Atotech. Retrieved 28 May 2019.
  4. "Organisation > Details [LSG] Life-Sciences-Germany.com - The Life Sciences Web Portal for German-speaking Europe". www.life-sciences-germany.com. Retrieved 2019-04-16.
  5. "The Company". Archived from the original on 2013-07-05. Retrieved 2013-07-08.
  6. "Home". atotech.com.
  7. Kobrak, Christopher (2002). National Cultures and International Competition: The Experience of Schering. Cambridge University Press. p. 12. ISBN 9780521814812.
  8. Trisalyte Schering und ihre Anwendung in der Galvanotechnik. Berlin: Schering-Kahlbaum AG. 1935.
  9. "ordentlichen Generalverfammlung". Schering-Kahlbaum A.G. June 14, 1928. Retrieved 5 June 2019.
  10. Schering Brochure "Milestones – Company History: Dates and Facts /Research, Development and Production". Schering AG.
  11. "Total Sells Chemicals Unit to Carlyle Group for $3.2 Billion". Bloomberg.com. 7 October 2016. Retrieved 2019-04-16.
  12. "Atotech's global TechCenter network". The Silicon Review. Retrieved 28 May 2019.
  13. Klostermeier, Johannes. "CIO Wiedenmann wechselt von Ledvance zu Atotech" [CIO Wiedenmann moves from Ledvance to Atotech]. CIO Von IDG (in German). Retrieved 28 May 2019.
  14. "Atotech appoints John Stephenson as Chief Operations Officer". Atotech. 9 January 2018. Retrieved 28 May 2019.
  15. "Atotech appoints Josh M. McMorrow as Vice President and Group General Counsel || Corporate | Atotech". 24 June 2019. Retrieved 2019-08-02.
  16. "Atotech Prices Initial Public Offering". 4 February 2021.
  17. Reuters Staff (2021-07-01). "MKS Instruments to buy Atotech for $5.1 billion". Reuters. Retrieved 2021-07-01. {{cite news}}: |author= has generic name (help)
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