# 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.

- Type: Acquisition
- Announced: 2017-08-21
- Where: Singapore
- Value: $65.0M
- Status: announced
- Products: probe cards for semiconductor wafer inspection
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md) (investor)
- [Nidec-Read Corp.](https://endata.com/companies/17529.md) (acquirer)
- [SV Probe Pte. Ltd.](https://endata.com/companies/17530.md) (target)
- [Ellipsiz Ltd.](https://endata.com/companies/17531.md) (partner)

## Sources

- [finanznachrichten.de](https://www.finanznachrichten.de/nachrichten-2017-08/41517017-nidec-to-buy-singapore-based-sv-probe-from-ellipsiz-for-dollar-65-mln-in-cash-020.htm), 2017-08-21: "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."
- [evertiq.com](https://evertiq.com/design/42430), 2017-08-29: "Nidec Corp. has agreed to acquire 100 percent equity shares of SV Probe Pte. Ltd., a probe card manufacturer from Singapore-based Ellipsiz Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.