M&A Deal Summary

Electro Scientific Industries Acquires Testec

On January 15, 1999, Electro Scientific Industries acquired semiconductors company Testec

Acquisition Highlights
  • This is Electro Scientific Industries’ 1st transaction in the Semiconductors sector.
  • This is Electro Scientific Industries’ 4th transaction in the United States.
  • This is Electro Scientific Industries’ 1st transaction in Arizona.

M&A Deal Summary

Date 1999-01-15
Target Testec
Sector Semiconductors
Buyer(s) Electro Scientific Industries
Deal Type Add-on Acquisition

Target

Testec

Phoenix, Arizona, United States
Testec Corp. is an electronic component systems manufacturer.

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Buyer(S) 1

Buyer

Electro Scientific Industries

Portland, Oregon, United States

Category Company
Founded 1944
Sector Semiconductors
Employees651
Revenue 159M USD (2015)
DESCRIPTION

Electro Scientific Industries, Inc. is a provider of laser-based manufacturing solutions for the microtechnology industry worldwide. Its laser systems enable precise structuring of micron to submicron features in components and devices, which are used in various end products in the consumer electronics, computer, communications, and other markets. Electro Scientific Industries was founded in 1944 and is based in Portland, Oregon.


DEAL STATS #
Overall 4 of 8
Sector (Semiconductors) 1 of 2
Type (Add-on Acquisition) 4 of 7
State (Arizona) 1 of 1
Country (United States) 4 of 6
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-02 Applied Intelligent Systems

Ann Arbor, Michigan, United States

Applied Intelligent Systems, Inc. is a provider of machine vision solutions for automated process control and visual inspection to the semiconductor and electronics industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-11 New Wave Research

Fremont, California, United States

New Wave Research, Inc. engages in designing, developing, manufacturing, and selling laser-based systems and modules for microelectronics and analytical instrumentation industries in the United States and internationally.

Buy $36M