Advantest Corporation (TSE:6857) entered into an agreement to acquire Shin Puu Technology Co., Ltd on January 31, 2023. The closing of the transaction is subjected to regulatory approvals. Shin Puu Technology Co., Ltd will become a wholly owned subsidiary of Advantest's US subsidiary.

Houlihan Lokey Advisors, LLC acted as a financial advisor to Advantest Corporation (TSE:6857). Tsar & Tsai Law Firm acted as a legal advisor to Advantest Corporation. Advantest Corporation (TSE: 6857) (“Advantest”) today announced that it has received all necessary regulatory approvals related to its previously announced acquisition of Shin Puu Technology Co., Ltd on April 28, 2023.