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Orbotech history
Orbotech company history timeline
In 1981, Barak led a team of fellow engineers at Electro-Optical in the formation of a new company, called Optrotech.
Incorporated: 1981 as Optrotech
Yet the appearance of new rivals, such as fellow Israeli company Orbot, created in 1983, and rival technologies, forced Optrotech to continue to invest heavily in its research and development effort.
Despite the success of the Vision 194, Optrotech found itself strapped for cash by 1984.
1984: Optrotech lists stock on the NASDAQ.
In 1990, Orbot hoped to go public in an effort to inject new capital.
1991: Optrotech and Orbot agree to merge, forming Orbotech.
1997: A joint venture is formed with Jenoptik; the company acq uires W. Schuh in Germany.
1998: The PCB sales and marketing business is acquired from To yo Ink Manufacturing of Japan.
1999: The company acquires KLA Acrotec in Japan.
2000: The company acquires full ownership of the Jenoptik join t venture.
2001: Orbotech launches a venture capital subsidiary, investin g in Negevtech, among others.
At the end of 2003, the company had invested nearly $9 million.
Optrotech founder Shlomo Barak remains company chairman, and Arie Weisberg serves as CEO. In 2004, the company posted revenues of $305 million.
With sales of more than $300 million in 2005, Orbotech expected to continue to dominate the market it had created just 25 years earlier.
"Orbotech Ltd. ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/orbotech-ltd
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Orbotech competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| KLA | 1997 | $9.8B | 11,300 | 296 |
| Applied Materials | 1967 | $27.2B | 24,000 | 598 |
| Invision Technologies | 1981 | - | 30 | - |
| 3D Systems | 1986 | $440.1M | 2,666 | 33 |
| Zebra Technologies | 1969 | $5.0B | 8,800 | 95 |
| Mattson Technology | 1988 | $252.0M | 200 | 8 |
| Gerber Technology LLC | 1968 | $202.7M | 684 | - |
| American Innovations | - | $17.5M | 50 | 13 |
| SGI (Silicon Graphics) | 2002 | $532.9M | 5 | - |
| DataDirect Networks (DDN) | 1988 | $356.5M | 50 | 32 |
Orbotech history FAQs
Zippia gives an in-depth look into the details of Orbotech, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Orbotech. The employee data is based on information from people who have self-reported their past or current employments at Orbotech. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Orbotech. The data presented on this page does not represent the view of Orbotech and its employees or that of Zippia.
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