IC Test equipment supplier, Advantest has snatched the acquisition of Verigy to the tune of approximately US$1.1 billion. The acquisition enables Advantest to better compete against rivals in the non-memory testing arena. Yesterday, Verigy announced it would exit a deal made with LTX-Credence and pay a termination payment of US$15.0 million.
"Through the acquisition of Verigy, we will be able to offer stronger product lines to our diversified customer base in both Memory and SOC, and we will be well positioned to become a global leader in those fields," said Haruo Matsuno, Advantest President and Chief Executive Officer. "With this acquisition, Advantest will benefit greatly from Verigy's technology development capabilities and technical talent which support its proven technologies on a global scale. The acquisition will allow us to better and more timely respond to customer needs in the ATE business.
Management at Verigy suggested the change in company selection to be acquired, ‘delivered meaningful value to [its] shareholders.’