PDF Solutions, Inc. (NasdaqGS:PDFS) entered into a definitive agreement to acquire Cimetrix, Inc. (OTCPK:CMXX) for $35 million on November 17, 2020. Under the terms of the transaction, PDF Solutions will pay a cash amount of $35 million, net of cash on Cimetrix's balance sheet as of closing, and subject to other closing adjustments, for all of the outstanding equity of Cimetrix. The transaction is funded from available cash on hand. The transaction is subject to standard closing conditions and is expected to close in the fourth calendar quarter of 2020. PDF Solutions expects the transaction to be immediately accretive to GAAP gross margins and to be slightly accretive on non-GAAP EPS basis. D.A. Davidson & Co. acted as the financial advisor to Cimetrix.

PDF Solutions, Inc. (NasdaqGS:PDFS) completed the acquisition of Cimetrix, Inc. (OTCPK:CMXX) for $28.6 million on December 1, 2020. Total payment made for this acquisition is net of cash acquired, and was funded from the available cash of PDF.