Xcerra

Cohu announced the completion of its previously announced acquisition of Xcerra, a provider of back-end semiconductor equipment and services and printed circuit board test.

Xcerra shipped its 500th Diamondx semiconductor test system to Microchip Technology for high-volume production testing of devices for automotive, consumer, and industrial markets.

Cohu announced a definitive merger agreement to acquire Xcerra for approximately $796 million in equity value, combining to create a global leader in semiconductor test equipment. The deal was announced on May 8, 2018.

Xcerra has entered into a multiyear preferred supplier agreement with Elmos to be the exclusive supplier of semiconductor testers, except where test requirements cannot be supported by Xcerra.

Xcerra Corporation stockholders approved the merger with Hubei Xinyan Equity Investment Partnership and China Integrated Circuit Industry Investment Fund Co., Ltd. The transaction is valued at $10.25 per share.

Unic Capital Management assigned its rights and obligations under the merger agreement to acquire Xcerra Corporation to Hubei Xinyan Equity Investment Partnership on August 4, 2017. The original merger agreement was dated April 7, 2017.

Unic Capital Management Co., Ltd., an affiliate of Sino IC Capital, and China Integrated Circuit Industry Investment Fund Co. agreed to acquire Xcerra Corporation for approximately $580 million. Xcerra provides semiconductor and PCB test equipment.