Today’s Veeco Instruments Inc. traces its history back to an earlier company which was incorporated in 1945 by two Manhattan Project scientists who created the helium leak detector. The Company’s original name "Veeco" stood for Vacuum Electronic Equipment Company. In the 1960’s, the original Veeco merged with Lambda, a manufacturer of power supplies, and in the late 1980s was purchased by a British company named Unitech.
In 1990, Edward H. Braun, then COO of Veeco, and a group of senior company executives purchased Veeco’s instrument business from Unitech in a management buy-out. The company again used the Veeco Instruments trade name and completed an initial public offering on the Nasdaq National Market in 1994 -- at the time Veeco’s sales were approximately $30 million.
Since the management buy-out and IPO, Mr. Braun has led the company through a transformation focused on supplying equipment to information age industries. Veeco has growth both through internal development and strategic acquisitions -- the Company has completed 11 acquisitions to date.