|
Investment firm acquires semiconductor online trader KeyAssets.com |
|
|
|
Jan 17, 2007 at 02:12 PM |
 A global investment and advisory firm Babcock & Brown has announced that its US-based subsidiary, Babcock & Brown Electronics Management (BBEM), has acquired KeyAssets.com, an internet business for trading semiconductor equipment and related capital assets.
The Electronics Management division of Babcock & Brown offers semiconductor manufacturers financial products that ease up-front capital cost and commercially manage equipment from fab acceptance to end of life.
"The acquisition of KeyAssets.com is of great strategic value to BBEM as it will further strengthen the global reach of BBEM," stated Mike Herman, a Senior Executive with BBEM. "With KeyAssets.com, BBEM will provide customers a simple-to-use, rapid and highly secure tool for buying and selling critical semiconductor equipment and assets."
The details of the transaction were not disclosed. Mitch Lashman, formerly CEO of KeyAssets, will now become Managing Director of the acquired subsidiary.
|
Fab Management 
