Planning security for future investments

As part of this trans­ac­tion, Mer­ck acquired Lexington’s ground lease­hold inter­est in the facil­i­ty, which is locat­ed with­in the Ari­zona State Uni­ver­si­ty Research Park. “We are proud to have Mer­ck pur­chase its ASURe­search Park facil­i­ty,” said Mor­gan R. Olsen, ASU Research Park board pres­i­dent and exec­u­tive vice pres­i­dent, trea­sur­er and Chief Finan­cial Officer.
“Merck’sinvestment at the ASU Research Park will expand its access to our tal­ent­ed stu­dents study­ing at one of the world’s lead­ing research uni­ver­si­ties and pos­i­tive­ly impact our local economies­for years to come”.
The facil­i­ty­hous­es more than 180 employ­eeswho­sup­port the Semi­con­duc­tor Solu­tions busi­ness inthe area­sof­man­u­fac­tur­ing, R&D, admin­is­tra­tion, sales and mar­ket­ing. In recent years, near­ly an addi­tion­al 10 mil­lion USD has been invest­ed in the facil­i­ty to enhance its man­u­fac­tur­ing and R&D capa­bil­i­ties. Pri­or to the pur­chase, the facil­i­ty had been leased by the Ver­sum Mate­ri­als busi­ness for over nine years. Ver­sum Mate­ri­als was acquired in 2019 by the company.