M&A Deal Summary

Cohu Acquires Xcerra

On May 8, 2018, Cohu acquired test/measurement equipment company Xcerra for 627M USD

Acquisition Highlights
  • This is Cohu’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Cohu’s largest (disclosed) transaction.
  • This is Cohu’s 4th transaction in the United States.
  • This is Cohu’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2018-05-08
Target Xcerra
Sector Test/Measurement Equipment
Buyer(s) Cohu
Deal Type Add-on Acquisition
Deal Value 627M USD
Advisor(s) Cowen Group, Inc. (Financial)
Latham & Watkins (Legal)

Target

Xcerra

Norwood, Massachusetts, United States
website
Xcerra is a global provider of focused, cost-optimized ATE solutions designed to enable customers to implement best-in-class test strategies to maximize their profitability. Xcerra was founded in 1976 and is based in Norwood, Massachusetts.

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Buyer(S) 1

Buyer

Cohu

Poway, California, United States

website


Category Company
Founded 1947
Sector Test/Measurement Equipment
Employees3,114
Revenue 813M USD (2022)
DESCRIPTION

Cohu is a provider of test handling, thermal subsystems, package inspection, contactors and MEMS test equipment solutions used by the semiconductor industry. Cohu was founded in 1947 and is based in Poway, California.


DEAL STATS #
Overall 7 of 9
Sector (Test/Measurement Equipment) 2 of 4
Type (Add-on Acquisition) 4 of 6
State (Massachusetts) 1 of 1
Country (United States) 4 of 5
Year (2018) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 Kita Manufacturing

Sennan City, Japan

Kita Manufacturing Co. Ltd. is a Japan-based company that designs, manufactures and sells spring probe contacts used in final test contactors, probe cards, PCB test boards and connectors sold to customers worldwide.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 atg Luther & Maelzer

Wertheim, Germany

atg Luther & Maelzer produces and sells advanced equipment that tests, measures, and verifies PCBs and substrate. atg Luther & Maelzer's leading position is built on the proprietary technology for Flying Probe Test (FPT) Systems and Grid Test Systems. atg Luther & Maelzer was founded in 1972 and is based in Wertheim, Germany.

Sell -