- The Japanese Advantest has completed the acquisition of the Semiconductor System Level Test Business of the American company Astronics.
- The terms of the transaction, announced in November 2018, were renegotiated due to recent market developments in the semiconductor industry and Astronics’ semiconductor test business.
The amount of the transaction is $100 million with a top-up of up to $35 million depending on the achievement of certain objectives compared to $185 million initially with a bonus of up to $30 million.
According to Advantest, the American’s offer is complementary to its automated test systems. The Japanese semiconductor test equipment supplier is thus extending its expertise to system-level testing, an increasingly critical test methodology for consumer electronics manufacturers.
Although Astronics’ Test Stems business’ short-term performance forecasts have been affected by the recent semiconductor industry environment, Advantest believes that this is a strategically important business and that the medium- and long-term growth forecasts remain unchanged.
Headquartered in Irvine, California, Astronics Test Systems is now a wholly owned subsidiary of Advantest America, the Japanese company’s US subsidiary, and now operates under the new entity Advantest Test Solutions, Inc.
Founded in Tokyo in 1954, Advantest established its first subsidiary in the United States in 1982.