Teradyne, Technoprobe announce strategic agreements

Teradyne and Technoprobe announced they have entered into a series of agreements establishing a strategic partnership that is expected to accelerate growth for both companies and enable them to offer higher performance semiconductor test interfaces to their customers worldwide. As part of the partnership, Teradyne will make an approximately $516M equity investment, based on current foreign exchange rates, in Technoprobe and Technoprobe will acquire Teradyne’s Device Interface Solutions business for $85M. The companies will also engage in joint development projects. While working on joint development projects, both companies remain committed to an “open ecosystem” so customers can choose the interface/tester supplier of their choice. Teradyne remains committed to enabling customers and third-party interface companies to develop interface hardware for their test systems. Both companies will continue to operate independently in their respective market segments while cooperating on future product development projects. Greg Smith, CEO of Teradyne, said “We’re excited to work with Technoprobe as the unique advantages of their interface technology help unlock the superior scalability of our testers to deliver greater benefit for our customers. Technoprobe has great products and has made important investments to align with the trends that are driving advanced System-on-a-Chip and Memory technologies. Our equity investment and joint development projects reflect our confidence in Technoprobe to create value for our shareholders and customers through innovative interface solutions for the growing interface market.”