November 14, 2018 | Announcements

GCA Advises Advantest on Its Acquisition of the Semiconductor System Level Test Business from Astronics

We are pleased to announce that our client, Advantest Corporation (“Advantest”) (TSE: 6857), a leading semiconductor test equipment supplier, has entered into a definitive agreement to acquire the commercial Semiconductor System Level Test business (“Test Systems”), a provider of system level test for semiconductor components and modules, from Astronics Corporation (Nasdaq: ATRO).

Based in Irvine, California, Test Systems is highly complementary to Advantest’s existing suite of leading edge automated test equipment (ATE) solutions and broadens Advantest’s position in system level test, an increasingly critical test modality to large consumer electronics manufacturers.

The transaction is subject to customary closing conditions and is expected to close by year end. Upon completion of the transaction, Test Systems will become a fully owned subsidiary of Advantest’s US subsidiary, Advantest America, Inc. and will operate under a newly created entity, Advantest Test Solutions, Inc.

GCA Advisors, LLC is acting as exclusive financial advisor to Advantest.

About GCA

GCA is a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at


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