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Orbotech Ltd. was awarded "Most Successful Business Accomplishment of the Year" for its acquisition of SPTS Technologies. Calcalist and BDO held the competition, which is in its third year, focusing on long-term business achievements that were initiated several years ago and are now reaching full maturity and achieving their aims.
Orbotech’s acquisition of SPTS opened up new markets for the company, in particular advanced packaging. Thanks to the unique offering of Orbotech’s three divisions – Printed Circuit Boards division, Flat Panel Display division and the new Semiconductor division - the company succeeded in doubling its revenues from $440 million in 2013 to a forecast of approximately $900 million in 2017.
In accepting the award, Asher Levy, CEO of Orbotech, explained “Orbotech was founded more than 30 years ago. The growth that we are now experiencing is the direct result of the successful strategy we devised in 2013…Orbotech is one of a select group of companies that are actively shaping and influencing global electronics, both for today and for tomorrow. From the most recent generation of smartphones to the complex electronic systems required in cars of the future, from flat and flexible displays and artificial intelligence to high performance computing, 5G connectivity and much more, Orbotech is actively involved and influencing the future. We are proud to partner and collaborate with the world’s largest and most innovative companies. Together with our customers, we make this future a reality.”