Strategic Rationale

This proposal combines two highly complementary industry leaders. With the combined business, we will deliver leading-edge innovation in electronic materials to our customers around the globe.

We are the best home for Versum to the highest benefit for shareholders, employees and customers. Our portfolios are very complementary with our established presence in lithography and Versum’s established position in deposition, thereby bringing novel technologies to our customers. The combined R&D strength of Merck KGaA, Darmstadt, Germany and Versum would increase innovation speed, capacity and expertise to generate novel technologies. Customers would benefit from increased scale, product and service depth, enhanced global presence and a strengthened supply chain which would help to drive leading innovation supported by long-term tailwinds in the industry. We intend to join forces to strengthen our supplier base, quality and logistics.

“We truly believe in the power of a combined electronic materials portfolio of Merck KGaA, Darmstadt, Germany and Versum. Our attractive cash proposal to Versum’s investors underlines that we are fully committed to completing this transaction successfully. It is our clear intention to further strengthen our operations in the U.S. We are proud of our nearly 130 years of U.S. market history and already more than 10,000 highly qualified employees today working at more than 50 sites coast-to-coast.”

–  Stefan Oschmann, Chairman of the Executive Board and CEO
of Merck KGaA, Darmstadt, Germany