LTX-Credence Corporation (Nasdaq:LTXC), announced an important step in the evolution of the semiconductor test cell with an agreement to acquire Multitest and Everett Charles Technologies (ECT) from Dover Corporation (NYSE:DOV). LTX-Credence and Dover Corporation have signed a definitive agreement. The deal is expected to close in November 2013, pending regulatory approval.
Combining LTXC, Multitest and ECT gives the Multitest the ability to expand the well-accepted Plug & Yield® offering - a fully integrated and technically harmonized set-up of handler, contactor and load board – to testers. The combined company will be the only provider of comprehensive test solutions and services for the Semiconductor and Printed Circuit Board markets—redefining the Test Cell by assembling best-in-class technology from three market-leading companies into new, innovative solutions.
The acquisition will:
• Allow expanding the Plug & Yield® solution to the entire semiconductor test cell
• Increase the total addressable market of the combined company to $5.0B
• Continue to develop market-leading products for the markets we serve
• Increase efficiency, accelerate the time to high-volume production and reduce costs within the wafer sort and final test cells
Dr. Reinhart Richter, President of Multitest, comments: “By bringing together industry-leading semiconductor test systems with device handlers, contactors and load boards, we can create IC test solutions that deliver unmatched value - cost of test and world class support – to our customers. The new, combined company will continue striving for best-in-class individual products for all test cells, while we aim at offering unprecedented integrated test solutions.”
Multitest (headquartered in Rosenheim, Germany) is one of the world’s leading manufacturers of test equipment for semiconductors. Multitest markets test handlers, contactors and ATE printed circuit boards. Multitest has more than 30 years of experience in the semiconductor industry, providing solutions to the automotive, consumer and communication but also to the sensor market. Globally, more than 900 employees serve the company’s customers in offices and branches in North America, Singapore, Malaysia, the Philippines, Taiwan, China and Thailand. www.multitest.com
LTX-Credence is a global provider of ATE solutions designed to deliver value through innovation enabling customers to implement best-in-class test strategies to maximize their profitability. LTX-Credence addresses the broad, divergent test requirements of the wireless, computing, automotive and entertainment market segments, offering a comprehensive portfolio of technologies, the largest installed base in the Asia-Pacific region and a global network of strategically deployed applications and support resources. Additional information can be found at www.ltxc.com.