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Slide #97. Cohu, Inc. — Ismeca Semiconductor Holding SA
Cohu, Inc. (NASDAQ:COHU)
Ismeca Semiconductor Holding SA
Cohu, Inc. (NASDAQ:COHU) today announced the completion of its previously disclosed acquisition of Ismeca Semiconductor Holding SA. Ismeca, with headquarters in La Chaux-de-Fonds, Switzerland and major operations in Malacca, Malaysia and Suzhou, China, designs, manufactures and sells turret-based test handling and back-end finishing equipment for ICs, LEDs and discrete components. Ismeca's unaudited sales for the twelve months ended June 2012 were approximately $84 million. The purchase price was $54.5 million plus acquired cash and was funded out of Cohu's existing cash reserves.
Cohu provides semiconductor test equipment and services. Co.'s products include semiconductor test, which is used for wafer level and device package testing; semiconductor handlers, which e used in conjunction with automated test equipment and are used to automate the testing and inspection of packaged semiconductor devices; interface products, which consist of test contactors and probe pins; spare items; spares and kits, which provide consumable, non-consumable; services, which performs installations and maintenance of systems sold; and bare board printed circuit board (PCB) test systems, which are used to test pre-assembly PCBs.
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Strong Buy (3.80 out of 4)