Advantech announces the acquisition of R&D Altanova, a U.S. test equipment supplier
Nov 01,2021
Advantech, a supplier of semiconductor test equipment, announced that it has signed an agreement to acquire R&D Altanova in the United States.
R&D Altanova is a leading supplier of test interface boards, substrates and interconnects for high-end application consumables, providing test equipment for simulation, design, layout, manufacturing and assembly of test interface boards for testing advanced integrated circuits.
As process nodes continue to shrink and equipment complexity continues to increase, the advanced functions of test equipment are becoming more and more important for semiconductor manufacturers of high-end applications such as 5G, IoT, and cloud computing. R&D Altanova has a long history of successfully innovating high-performance and high-density printed circuit board solutions to meet the increasing demand for advanced test systems. Combined with Advantest's test equipment, these solutions will provide enhanced end-to-end test solutions and bring advanced printed circuit board manufacturing capabilities to the company.
Yoshiaki Yoshida, President and CEO of Advantech, commented, “This acquisition is part of our mid-to-long-term growth strategy to expand our test and measurement solutions in the evolving semiconductor value chain. R&D Altanova’s engineering and Manufacturing capabilities, excellent customer base and first-class technical team will complement our semiconductor test equipment business. We hope to accelerate the growth of R&D Altanova’s business by leveraging our global customer base and production process expertise. I believe that with R&D Altanova Adding our products to our product portfolio, our customers will be very interested in the high-precision end-to-end test solutions we can provide. To this end, we plan to expand R&D Altanova’s manufacturing footprint in the United States to meet the expectations of our American customers Demand growth. In addition, R&D Altanova’s business is directly related to our goal of strengthening our recurring business, so I believe this acquisition will also contribute to the diversification and stability of our revenue base."
R&D Altanova, headquartered in South Plainfield, New Jersey, will become a wholly-owned subsidiary of Advantest America, Inc., an American subsidiary of Advantest. The completion of the transaction is subject to regulatory approval and is expected to be completed in the fourth quarter of 2021.
As process nodes continue to shrink and equipment complexity continues to increase, the advanced functions of test equipment are becoming more and more important for semiconductor manufacturers of high-end applications such as 5G, IoT, and cloud computing. R&D Altanova has a long history of successfully innovating high-performance and high-density printed circuit board solutions to meet the increasing demand for advanced test systems. Combined with Advantest's test equipment, these solutions will provide enhanced end-to-end test solutions and bring advanced printed circuit board manufacturing capabilities to the company.
Yoshiaki Yoshida, President and CEO of Advantech, commented, “This acquisition is part of our mid-to-long-term growth strategy to expand our test and measurement solutions in the evolving semiconductor value chain. R&D Altanova’s engineering and Manufacturing capabilities, excellent customer base and first-class technical team will complement our semiconductor test equipment business. We hope to accelerate the growth of R&D Altanova’s business by leveraging our global customer base and production process expertise. I believe that with R&D Altanova Adding our products to our product portfolio, our customers will be very interested in the high-precision end-to-end test solutions we can provide. To this end, we plan to expand R&D Altanova’s manufacturing footprint in the United States to meet the expectations of our American customers Demand growth. In addition, R&D Altanova’s business is directly related to our goal of strengthening our recurring business, so I believe this acquisition will also contribute to the diversification and stability of our revenue base."
R&D Altanova, headquartered in South Plainfield, New Jersey, will become a wholly-owned subsidiary of Advantest America, Inc., an American subsidiary of Advantest. The completion of the transaction is subject to regulatory approval and is expected to be completed in the fourth quarter of 2021.