Cohu Snaps Equiptest Engineering, Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Cohu, Inc. (NASDAQ:COHU) has acquired Equiptest Engineering Pte. Ltd., a provider of semiconductor test contactors and other consumables with a trailing twelve months revenue of approximately $20 million. The acquisition is expected to be accretive to Cohu's fiscal 2024.
October 02, 2023 | 7:16 am
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Cohu's acquisition of Equiptest Engineering is expected to enhance its complex machining capabilities and manufacturing expertise, and is expected to be accretive to its fiscal 2024.
The acquisition of Equiptest Engineering is expected to enhance Cohu's capabilities and expertise, and expand its customer presence. This is likely to have a positive impact on Cohu's financial performance, hence the positive score.
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