Product category:
ATE Systems
News Release from: Antares Advanced Test Technologies
Edited by the Electronicstalk Editorial
Team on 13 July 2006
Antares conTech and UMD to Merge
Antares conTech and UMD Advanced Test Technologies to merge to create leader in semiconductor test market.
Antares conTech, the world's largest provider of high-end sockets and connectors for the semiconductor industry, and UMD Advanced Test Technologies, which provides products and services addressing semiconductor test cell requirements, including burn-in, ATE consumables and thermal management solutions, today announced that they have executed a letter of intent to merge The combined company will be a leader in the semiconductor test market, providing engineering services and products that continue to lower the cost of semiconductor test for customers worldwide
This article was originally published on Electronicstalk on 11 Nov 2005 at 8.00am (UK)
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It will be named Antares Advanced Test Technologies, and will be headquartered in Vancouver, Washington.
Terms of the transaction were not disclosed.
It is expected to close in the third quarter of 2006, upon execution of a definitive merger agreement and proposed satisfaction of customary closing conditions.
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3M's Electronic Solutions Division has signed Antares Advanced Test Technologies to sell its Textool branded BGA test and burn-in sockets outside Japan.
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The Quatrix Kelvin QFN test socket allows chipmakers to migrate Kelvin-configuration testing of QFN packages from the lab to mass production
The new company will be led by Chief Executive Officer Matt Bergeron, the current CEO of UMD.
Majority ownership of the combined company will be held by Investcorp Technology Ventures, which acquired the Antares package test business from Kulicke and Soffa in March 2006.
Investcorp Technology Ventures is focused on venture buyout, corporate spinout and growth capital financing transactions in technology companies in North America and Europe.
Matt Bergeron, Chief Executive Officer of UMD, said, "The new Antares Advanced Test Technologies will have the resources and scale to continue to meet the market's tireless drive to reduce the overall cost of semiconductor test".
"Combining UMD's product portfolio depth with Antares' capability for high-volume manufacturing and new technologies will allow us to immediately provide value to our customers as we strive to deliver smarter, more innovative solutions".
"We also expect that the creation of our new company will serve as a catalyst for further consolidation of the semiconductor testing industry".
"The semiconductor package test industry is at an important point in its development," said Oded Lendner, Chief Executive Officer of Antares.
"True value comes by addressing cost of ownership".
"Combining our two companies will represent a major milestone for the semiconductor back-end consumable industry, as we will have under one roof innovative interconnect technologies, thermal solutions, global high volume manufacturing, the ability to provide complete on-time solutions - capabilities that will be concentrated on improving our test and burn-in customers' yields, throughput and time-to-market".
"Further, the combined company is better positioned to develop cutting edge solutions to help our customers meet their technology and cost roadmaps".
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