Wellington Partners has sold its investment in NaWoTec, a provider of nano structuring technologies, to Carl Zeiss for an undisclosed sum. The transaction closed June 9 following receipt of a waiver for anti trust issues.
Wellington Partners first invested in NaWoTec in late 2002 when the business was spun out of Deutsche Telekom through Deutsche Telekom’s corporate venturing unit T Venture, which invested seed money in the business. Wellington Partners and Intel Capital both invested in the series A round and a follow on round of funding last year.
Bart Markus explains that NaWoTec was using Carl Zeiss’ electro microscope as a base tool and it was also using the company’s to sell and provide maintenance to customers, consequently a strong relationship and understanding already existed between NaWoTec and Carl Zeiss prior to the purchase.
Carl Zeiss is incorporating NaWoTec into its semiconductor metrology systems division, which it aims to further broaden its semiconductor equipment related business beyond lithography optics.