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M&A Deal Summary

Cohu Acquires Tignis

On December 16, 2024, Cohu acquired information technology company Tignis

Acquisition Highlights
  • This is Cohu’s 1st transaction in the Information Technology sector.
  • This is Cohu’s 6th transaction in the United States.
  • This is Cohu’s 1st transaction in Washington.

M&A Deal Summary
Date 2024-12-16
Target Tignis
Sector Information Technology
Buyer(s) Cohu
Deal Type Add-on Acquisition
Advisor(s) Harvest Management Partners (Financial)

Target

Tignis

Seattle, Washington, United States
Tignis is an AI-powered process control and monitoring with a physics and engineering foundation. The company develops and sells innovative software solutions for the semiconductor industry that use AI and machine learning to enable next-generation Smart Manufacturing. Tignis provides semiconductor IDMs, equipment manufacturers, pure-play foundries, and components and materials suppliers with unprecedented automation, advanced predictive visibility and prescriptive process control—increasing manufacturing yield, decreasing unscheduled downtime, and reducing operating costs. Tignis was formed in 2017 and is headquartered in Seattle, Washington.

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Buyer(S) 1

Buyer

Cohu

Poway, California, United States
Category Company
Founded 1947
Sector Test/Measurement Equipment
Employees2,986
Revenue 401M USD (2024)
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 10 of 10
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Washington M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 EQT Equiptest Engineering

Singapore, Singapore

EQT Equiptest Engineering provides semiconductor test contactors and other consumables by leveraging its experience in integrating emerging applications to meet customers’ stringent requirements. EQT Equiptest Engineering was formed in 2001 and is based in Singapore.

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