Product category:
ATE Systems
News Release from: Teradyne
Edited by the Electronicstalk Editorial
Team on 06 November 2001
Teradyne completes GenRad acquisition
Teradyne has completed its acquisition of GenRad, following approval by GenRad shareholders and US regulatory bodies.
Teradyne has completed its acquisition of GenRad, following approval by GenRad shareholders and US regulatory bodies GenRad operations are being integrated with Teradyne's existing Assembly Test Division, and will operate under the Teradyne name
This article was originally published on Electronicstalk on 6 Apr 2001 at 8.00am (UK)
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The division, which markets a broad range of circuit board inspection and test equipment and manufacturing information and management software, will be managed by ATD president Robert M Dutkowsky, former chairman, president and CEO of GenRad.
Products will be marketed under both the Teradyne and GenRad brand names.
George W Chamillard, Teradyne chairman, president and CEO stated, "The combination of Teradyne and GenRad broadens our business scope in the global circuit board inspection and test market, with significantly expanded customer reach and product line breadth.
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Teradyne has released its BBAC instrumentation for low-frequency high-performance analogue testing of broadband devices such as converters, xDSL and CDMA.
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Teradyne has released wht it describes as an "online interactive product experience module", or PEM, to promote its Optima 7000 Series of automated optical inspection systems.
Besides further consolidating our standing as the world's number one ATE company, we now have a much stronger position in an industry that historically has been somewhat less volatile than our semiconductor test business".
"The high rate of change in today's electronics manufacturing market presents us an excellent opportunity to increase market share", Chamillard added.
"With GenRad now a part of Teradyne, we have the largest installed base and broadest line of circuit board inspection and test systems.
Customers always benefit when there are strong suppliers, and our new Assembly Test Division now offers them better competitive choices".
"Merger of the extensive resources of Teradyne and GenRad creates a new leader in the test and measurement arena", stated Dutkowsky.
"With a clear strategic commitment to both electrical test and imaging inspection enhanced by our strong software solutions, we believe our new organization offers electronics manufacturers worldwide a competitively superior option for products, applications and support".
"Between the two organisations we have more than 125 years of test and measurement experience delivering advanced technology solutions incorporating the performance, flexibility and reliability required on the production floor.
Both companies have a series of remarkable `firsts' in the ATE business, ranging from the first digital functional tester from GenRad and the first combinational tester from Teradyne, to recent innovations, such as new optical inspection technology and the Strategist distributed test strategy optimisation software".
"We realise that our customers are living in a tough environment where increasingly complex product technology is at odds with the constant requirement to reduce cost and cycle time.
Our demonstrated record of product and support leadership, unparalleled commitment in partnering with our customers, and strategic roadmap address this reality with products and services going forward that will reflect our combined heritage and vision", Dutkowsky concluded.
Final regulatory approvals of the transaction in several countries are expected shortly.
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