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© dmitriy-shironosov-dreamstime.com Components | January 03, 2013

Cohu completes acquisition of Ismeca

Cohu, Inc. has completed 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.
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