Aehr Test Systems Entered Into A Stock Purchase Agreement To Acquire All Of The Outstanding Capital Stock Of Incal Technology For A Purchase Price Of $21M
Portfolio Pulse from Benzinga Newsdesk
Aehr Test Systems (NASDAQ:AEHR) has entered into a stock purchase agreement to acquire Incal Technology for $21 million. The acquisition will expand Aehr's product portfolio to include Incal's high-power test solutions for AI semiconductors, GPUs, and HPC processors. The deal is expected to be immediately accretive and is set to close within 60 days.
July 16, 2024 | 8:10 pm
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Aehr Test Systems is acquiring Incal Technology for $21 million, expanding its product portfolio to include high-power test solutions for AI semiconductors. The acquisition is expected to be immediately accretive and will close within 60 days.
The acquisition of Incal Technology will significantly enhance Aehr's product offerings, particularly in the high-demand AI semiconductor market. The deal is expected to be immediately accretive, indicating a positive short-term impact on Aehr's financial performance.
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