Advantest Acquires R&D Altanova

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Advantest Corporation, a global semiconductor test equipment supplier has announced that it has entered into an agreement to acquire US-based R&D Altanova. R&D Altanova is a leading supplier of consumable test interface boards, substrates, and interconnects for high-end applications, offering simulation, design, layout, fabrication, and assembly of test interface boards that are used by testing equipment in the testing of advanced integrated circuits.

As process nodes continue to shrink, and device complexity grows, advanced capabilities of testing devices are becoming increasingly important to manufacturers of semiconductors for high-end applications, such as 5G, IoT, and cloud computing. R&D Altanova has a long history of successfully innovating solutions for high-performance and high-density printed circuit boards to address the growing needs of advanced testing systems. In combination with Advantest’s test equipment, these solutions will provide enhanced end-to-end test solutions and bring advanced printed circuit board manufacturing capability to the Company.

Advantest President and CEO Yoshiaki Yoshida commented that this acquisition is part of their medium- to long-term growth strategy to expand their test and measurement solutions across the continuously evolving semiconductor value chain. R&D Altanova's engineering and manufacturing capabilities, excellent customer base, and first-rate technical team will complement their semiconductor test equipment business. They hope to accelerate the growth of R&D Altanova's business by leveraging their global customer base and production process expertise. They are confident that their customers will be very interested in the high-precision, end-to-end test solutions they will be able to offer as a result of adding R&D Altanova products to their portfolio. To that end, they plan on expanding R&D Altanova’s manufacturing footprint in the US to meet an expected increase in demand by their US customers. In addition, R&D Altanova's business is directly linked to our goal of strengthening their recurring business, so they believe that the acquisition will also contribute to diversifying and stabilizing their earnings base.

R&D Altanova, which is headquartered in South Plainfield, New Jersey, will become a wholly-owned subsidiary of Advantest America, Advantest’s U.S. subsidiary. The closing of the transaction is tied to regulatory approvals, which are expected in the fourth calendar quarter of 2021.