Cohu’s Delta Design to Acquire Rasco GmbH

(December 8, 2008) POWAY, CA &#151 Delta Design, a subsidiary of Cohu Inc., has agreed to purchase Rasco GmbH from Dover Corp. for $80M in cash to be funded out of Cohu’s existing cash reserves. Delta supplies IC test handlers and thermal technologies to the semiconductor industry. Rasco, located near Munich, Germany, designs, manufactures and sells gravity-feed and strip semiconductor test handlers used in final test operations by semiconductor manufacturers and test subcontractors. According to James A. Donahue, president and CEO, Cohu, the acquisition extends Cohu’s position in the IC test handler industry and contributes to industry consolidation.

“The Rasco team has earned a reputation for innovative engineering, high quality manufacturing, outstanding customer support and strong financial performance,” noted Donahue. “This transaction significantly expands Cohu’s served market in an industry that we understand very well.” He added that because there is no product overlap and synergies in manufacturing, sales, and service the acquisition will help drive the company’s growth.

“While current semiconductor equipment industry and macroeconomic conditions are difficult, Cohu remains financially strong with approximately $80M cash and no debt after the transaction. The acquisition of Rasco, the margin enhancement initiatives that we have underway, the recent introduction of our new Matrix high-speed test handler, and the planned introduction in 2009 of our next-generation thermal handler for microprocessors, graphics processors and other high performance logic devices, position Cohu for excellent growth in revenue and profits when business conditions improve,” concluded Donahue.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

NEW PRODUCTS

SEMI-GAS Xturion Blixer enables on-site blending of forming gas mixtures
10/03/2017The Blixer provides a cost-effective alternative to purchasing expensive pre-mixed gas cylinders by enabling operators to blend ...
Automated thickness measurement system speeds production
09/20/2017ACU-THIK is an automated thickness measurement tool incorporating dual contact probes for high accuracy inspection of semiconductor wafers....
3D-Micromac launches the second generation of its high-performance microcell OTF laser systems
04/17/2017The high-performance production solution for Laser Contact Opening (LCO) of PERC solar cells achieves a th...