Transaction
Transaction Details
Closed
July 30, 2020
Sector
Technology, Semiconductors and Electronics
Deal Type
Mergers and Acquisitions
GCA Advises Advantest on the Divestiture of Its Advanced Probe Card Assets to FormFactor
GCA is pleased to announce that our client, Advantest Corporation (“Advantest” or the “Company”) (TSE: 6857), a leading manufacturer of automated test equipment (ATE) for the semiconductor industry, has completed the divestiture of its Advanced Probe Card Assets to FormFactor, Inc. (“FormFactor”) (NASDAQ: FORM), a leading manufacturer of essential semiconductor test and measurement technologies.
Located in Baldwin Park, California, Advantest’s Advanced Probe Card business manufactures and sells probe cards for memory applications and was originally acquired as part of Advantest’s acquisition of Verigy in 2011. Advantest divested the Advanced Probe Card business as it was no longer considered to be a core strategic asset for the Company.
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