Cohu, Inc. acquired MCT Worldwide, LLC for $26.8 million.
January 29, 2023
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Cohu, Inc. (NasdaqGS:COHU) acquired MCT Worldwide, LLC on January 30, 2023. MCT becomes part of Cohu?s test handler group, adding strip, film-frame and laser marking to Cohu?s product portfolio.
Cohu, Inc. (NasdaqGS:COHU) completed the acquisition of MCT Worldwide, LLC for $26.8 million on January 30, 2023. On January 30, 2023, Cohu made a cash payment totaling approximately $28 million for MCT. The acquisition is a debt free transaction and is subject to a working capital adjustment which was finalized during the second quarter of 2023 resulting in a cash payment of $0.6 million received from the sellers. Taking into consideration the impact of Cohu's estimated working capital adjustment and certain acquisition-related costs that were included in the transaction proceeds, the purchase price for MCT is $26.8 million.
Cohu, Inc. is engaged in supplying test, interface, automation, inspection and metrology products, software and services to the semiconductor industry. The Company sells its products, such as semiconductor automated test equipment (ATE), semiconductor handlers, interface products, inspection and metrology, DI-Core data analytics, spares and kits and services. Its semiconductor ATE is used both for wafer level and device package testing. Its solutions consist primarily of two platforms for the system on a chip (SoC) device market: Diamondx tester and PAx tester. Interface Products are comprised of test contactors, probe heads and probe pins. Inspection and Metrology are products that provide advanced vision capabilities. DI-Core data analytics is a comprehensive software suite used to optimize Cohu equipment performance. Spares and Kits are consumable, non-consumable and spare items. It provides various parts and labor warranties on its test and handling systems and instruments.
COHU, INC. 
