Advantest announced it has closed acquisition of the commercial Semiconductor System Level Test business from Astronics. The new terms include an upfront purchase price of $100 million, plus an earn-out payment of up to $35 million based on certain performance milestones. This compares to the previously announced $185 million purchase price, plus an earn-out payment of up to $30 million based on certain performance milestones. Test Systems broadens Advantest’s position in system level test, an increasingly critical test modality to large consumer electronics manufacturers.
“We will be able to offer stronger solutions to our diversified customer base and continue to add significant customer value in an evolving semiconductor value chain by further enriching and expanding our suite of test and measurement solutions,” said Yoshiaki Yoshida, Advantest President and Chief Executive Officer. "With this acquisition, Advantest will benefit greatly from Test Systems’ technology development capabilities, technical talent and recent customer successes in this emerging segment of test."
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