POWAY, Calif.--(BUSINESS WIRE)--Jan. 5, 2017--
Cohu, Inc. (NASDAQ:COHU) today announced the completion of its
previously disclosed acquisition of Kita Manufacturing Co. LTD. (Kita),
a Japan-based company that designs, manufactures and sells spring probe
contacts used in final test contactors, probe cards, PCB test boards and
connectors sold to customers worldwide. Kita’s sales for 2016 were
approximately $17 million. The purchase price was $15 million in cash
funded out of Cohu’s existing cash reserves plus the assumption of debt
including that for a manufacturing capacity expansion in Osaka. The
purchase agreement also provides for up to $3 million of contingent
earn-out cash consideration based on certain growth targets for revenue
and profitability.
About Cohu:
Cohu is a leading supplier of semiconductor test and inspection
handlers, micro-electro mechanical system (MEMS) test modules, test
contactors and thermal sub-systems used by global semiconductor
manufacturers and test subcontractors.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170105005526/en/
Source: Cohu, Inc.
Cohu, Inc.
Jeffrey D. Jones – Investor Relations
(858) 848-8106
