SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report:
MAY 23, 1997
(Date of Earliest Event Reported)
ASECO CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
0-21294 04-2816806
(Commission File Number) (I.R.S. Employer
Identification No.)
500 DONALD LYNCH BOULEVARD
MARLBORO, MA 01752
(Address of Principal Executive Offices)
(Zip Code)
(508) 481-8896
(Registrant's Telephone Number, Including Area Code)
Item 5. Other Events.
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On May 23, 1997, Aseco Corporation purchased all of the outstanding
shares of Western Equipment Developments (Holdings) Limited, a manufacturer of
semiconductor wafer handling equipment headquartered in Plymouth, U.K. The
purchase price was approximately $6 million and was paid entirely in cash.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
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Number Description
- ------ -----------
2.1 Share Purchase Agreement dated as of May 23, 1997 by and among
the Company and each of the shareholders of Western Equipment
Developments (Holdings) Limited.
2.2 Tax Deed dated May 23, 1997 by and among the Company and certain
shareholders of Western Equipment Developments (Holdings) Limited.
2.3 Escrow Agreement dated as of May 23, 1997 by and among the
Company and David Carr and Philip Stephen Walsh as representatives for
certain shareholders of Western Equipment Developments (Holdings)
Limited.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ASECO CORPORATION
Date: May 30, 1997 By: /s/ Carl S. Archer, Jr.
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Carl S. Archer, Jr.
President and Chief
Executive Officer