November 14, 2018
San Francisco, Tokyo
GCA Advises Advantest on Its Acquisition of the Semiconductor System Level Test Business from Astronics
Advantest Corporation (“Advantest”) (TSE: 6857), a leading semiconductor test equipment supplier, has entered into a definitive agreement to acquire the commercial Semiconductor System Level Test business (“Test Systems”), a provider of system level test for semiconductor components and modules, from Astronics Corporation (Nasdaq: ATRO).
Based in Irvine, California, Test Systems is highly complementary to Advantest’s existing suite of leading edge automated test equipment (ATE) solutions and broadens Advantest’s position in system level test, an increasingly critical test modality to large consumer electronics manufacturers.
The transaction is subject to customary closing conditions and is expected to close by year end. Upon completion of the transaction, Test Systems will become a fully owned subsidiary of Advantest’s US subsidiary, Advantest America, Inc. and will operate under a newly created entity, Advantest Test Solutions, Inc.
GCA is acting as exclusive financial advisor to Advantest.