Product category:
ATE Systems
News Release from: Advantest (Europe)
Edited by the Electronicstalk Editorial
Team on 12 November 2003
Acquisition adds burn-in to ATE
portfolio
Japan Engineering Co (JEC) is to become a wholly owned subsidiary of Advantest Corp.
Japan Engineering Co (JEC) is to become a wholly owned subsidiary of Advantest Corp JEC's primary business is in the development, manufacture and sales of semiconductor test burn-in systems
The sharing of the two companies' technological, financial and personnel resources will strengthen the operations of Japan Engineering, and enrich the overall semiconductor test business of Advantest.
Advantest currently holds 78.857% of the shares in JEC.
Shares of Advantest stock will be exchanged at the ratio of 0.077 shares of Advantest for every share of Japan Engineering.
JEC's capital is valued at Y305 million.
The company employs 76 workers, and sales in the 4th quarter of 2002 were Y1.8 billion.
JEC ended its 2002 financial year Y4 million in the red.
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