Acquisitions Extend LTX Credence Test Reach
LTX-Credence has signed a definitive agreement with Dover Corporation to acquire Multitest and Everett Charles Technologies (ECT). It opens the way to expand the Multitest Plug & Yield offering - a fully integrated and technically harmonised set-up of handler, contactor and load board – to testers.
The combined company will be able to provide test solutions and services for the Semiconductor and Printed Circuit Board markets—redefining the Test Cell by assembling technology from three market-leading companies.
Expanding the Plug & Yield solution to the entire semiconductor test cell, and increase the total addressable market of the combined company to $5bn. LTX says it will continue to develop market-leading products for the markets it serves and look to increase efficiency, accelerate the time to high-volume production and reduce costs within the wafer sort and final test cells
The deal should close in November 2013, pending regulatory approval.
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