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Advantest Acquires Credence Systems GmbH
"Steady expansion is predicted for the automotive semiconductor market, and a number of important manufacturers of these chips are based in Europe. With these companies as our customer base, we aim to gain momentum to expand our share of this market," Toshio Maruyama, President and CEO of Advantest, said in a statement. "Through the creation of an R&D base in Germany, we plan to accelerate our development of automotive modules in close contact with major European customers. The addition of a European R&D center to our R&D network in the United States and Japan will also strengthen our development capabilities for modules for our T2000 test system*." Maruyama added.
Under the terms of the deal, Advantest (Europe) GmbH, a wholly-owned subsidiary of Advantest, will purchase all the shares of Credence Systems GmbH from Credence Europa Limited, a UK-based subsidiary of American test systems manufacturer Credence Systems Corporation. Post-buyout, Advantest will continue to support the Piranha and Falcon test systems currently developed and produced by Credence Systems GmbH.
The transaction is expected to close at the end of August 2008, subject to customary closing conditions including approval from German antitrust authorities.
* The T2000 test system is Advantest's non-memory device tester based on the OPENSTAR® standard architecture. OPENSTAR® is a registered trademark of the Semiconductor Test Consortium (STC) in the United States, Japan and other countries.
Credence Systems Corporation is a global provider of automated test equipment (ATE) solutions to the high growth, consumer semiconductor industry. Credence is committed to deliver the highest standards of value -- an optimal combination of technology, turn-around time, reliability, ease of use, service and support -- to every customer, which enables important cost and performance advantages for integrated device manufacturers (IDMs), wafer foundries, outsource assembly and test (OSAT) suppliers and fabless chip companies worldwide. An ISO 9001-certified company with a presence in 20 countries, Credence is headquartered in Milpitas, California. More information is available at http://www.credence.com.
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