Nidec-Read to acquire SV Probe from Ellipsiz for $65M

Nidec-Read Corp., a unit of Nidec Corp., has agreed to acquire SV Probe Pte. Ltd., a probe card manufacturer, from Singapore-based Ellipsiz Ltd. for $65 million in cash. The stock purchase agreement was signed on August 21, 2017, with closing expected at the end of October 2017.

“Through the deal, Nidec-Read expects to gain competitiveness in the inspection market by applying its MEMS spring probe technology to the vertical probe cards manufactured by SV Probe.”finanznachrichten.de

• 2 sources
• finanznachrichten.deNidec To Buy Singapore-based SV Probe From Ellipsiz For $65 Mln In CashAFX NewsAug 21, 2017
• evertiq.comNidec to acquire SV ProbeEvertiqAug 29, 2017

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