January 29, 2020
Semiconductors and Electronics, Technology
Mergers and Acquisitions
GCA Advises Advantest on Its Acquisition of Essai
GCA is pleased to announce that our client, Advantest Corporation (“Advantest”) (TSE: 6857), a leading manufacturer of automatic test equipment for the semiconductor industry, has completed the acquisition of Essai, Inc. (“Essai”), a leading supplier of semiconductor test sockets and thermal control units.
Based in Fremont, California, Essai provides custom electrical and mechanical design solutions, which enable its customers to meet their critical time-to-market demands through rapid prototyping and volume manufacturing of high-performance test sockets and thermal control units. As a leading supplier of test and burn-in sockets with approximately $100M in revenue, Essai broadens Advantest’s suite of leading-edge test and measurement solutions and will provide enhanced end-to-end test solutions in the form of test cells including sockets-accuracy assurance, further adding value to Advantest’s product portfolio.
Essai will become a wholly owned subsidiary of Advantest America, Inc., Advantest’s US subsidiary.