Cohu Acquires MCT Worldwide
Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that it has acquired MCT Worldwide, LLC (“MCT”), a leading provider of semiconductor test handler automation equipment.
MCT becomes part of Cohu’s test handler group, adding strip, film-frame and laser marking to Cohu’s product portfolio, and critical technologies that will accelerate development into the growing advanced package test market. The acquisition is expected to be neutral to Cohu’s near term financial results and projected to be accretive beginning in 2024 after realizing operating synergies.
“I am happy to welcome MCT and its employees to the Cohu family. This acquisition provides an opportunity to expand our addressable market with film-frame test and laser marking equipment,” said Cohu President and CEO Luis Müller. “Moving forward, we expect to draw upon our combined technologies and expertise to develop new test automation solutions for advanced packages in panel test.”
About Cohu:
Cohu (NASDAQ: COHU) is a global technology leader supplying test, automation, inspection and metrology products and services to the semiconductor industry. Cohu’s differentiated and broad product portfolio enables optimized yield and productivity, accelerating customers’ manufacturing time-to-market. Additional information can be found at www.cohu.com.
Forward-Looking Statements:
Certain statements contained in this release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including all references to the acquisition of MCT; expected impact on Cohu financial results; expanding our addressable market with film-frame test and laser marking equipment; accelerating development of new solutions into the advanced package test market (including panel test); and any other statements that are predictive in nature and depend upon or refer to future events or conditions; and/or include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend;” and/or other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance.
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