their properties to become part of such an island. The 2005 Oregon Legislature enacted a law prohibiting Beaverton from any forced island-type annexations for two years and additionally included language effectively banning Beaverton from forcibly annexing any of Electro Scientific Industries' property—whether an island or not—for at least 30 years. Sale of company to MKS In October 2018, it was announced that a deal had been reached to sell the company to MKS Instruments, Inc., based in Andover, Massachusetts, for a price of approximately $1 billion in cash. On January 1, 2019, ESI stockholders approved the deal, also referred to as a merger, and the company announced that its stock would cease trading upon the closing of the transaction, which was achieved on February 1, 2019. Later in 2019, MKS sold ESI's Science Park Drive buildings to Columbia Sportswear, whose headquarters is located nearby, with its employees store directly adjacent to ESI. At the time, MKS had not yet chosen a new location for ESI but was looking for a suitable, but smaller, space in Beaverton. In early 2021, MKS was continuing to identify the Science Park Drive site as ESI's address, but by July 2021 the address had been changed to one in the city of Beaverton proper, on S.W. Millikan Way. Operations ESI manufactures a variety of laser-based processing and micro-manufacturing solutions designed to help manufacturers optimize their production capabilities by moving beyond the limitations of mechanical-based solutions. These include laser-based via drilling systems for printed circuit board (PCB) manufacturers and integrated circuit packaging fabricators. ESI systems also address the needs of passive component manufacturing/testing/inspection with wafer trim and circuit trim offerings. Semiconductor manufacturers use ESI systems for processing wafers. Manufacturers use ESI’s laser-based micro-machining platforms for component part manufacturing and marking. ESI’s manufacturing facilities are distributed across the US and Asia, from the headquarters campus in Portland, to Klamath Falls, Oregon, Fremont, California, Bozeman, Montana and Singapore. In Asia, the primary operation hub is located in Shanghai. The company, which traded on NASDAQ until early 2019, had annual revenues of $159.1 million for fiscal year 2015. Products ESI’s interconnect and micro-fabrication products are used to create nano-scale features on a variety of materials and substrates in high-volume manufacturing. The company’s semiconductor products include automated ultra-thin wafer dicing and high-throughput, high-accuracy grooving systems. In the area of component test and inspection, ESI offers automated test, termination, high-speed handling