COHU, Inc. Acquires MCT Worldwide, LLC
Cohu, Inc. a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that it has acquired MCT Worldwide, LLC (“MCT”), a leading provider of semiconductor test handler automation equipment.
MCT becomes part of Cohu’s test handler group, adding strip, film-frame and laser marking to Cohu’s product portfolio, and critical technologies that will accelerate development into the growing advanced package test market. The acquisition is expected to be neutral to Cohu’s near term financial results and projected to be accretive beginning in 2024 after realizing operating synergies.
“I am happy to welcome MCT and its employees to the Cohu family. This acquisition provides an opportunity to expand our addressable market with film-frame test and laser marking equipment,” said Cohu President and CEO Luis Müller. “Moving forward, we expect to draw upon our combined technologies and expertise to develop new test automation solutions for advanced packages in panel test.”
About Cohu
Cohu (NASDAQ: COHU) is a global technology leader supplying test, automation, inspection and metrology products and services to the semiconductor industry. Cohu’s differentiated and broad product portfolio enables optimized yield and productivity, accelerating customers’ manufacturing time-to-market.
About MCT Worldwide, LLC
MCT Worldwide, LLC is based in Minneapolis, MN with manufacturing operations in Penang, Malaysia. MCT is the worldwide leader in providing strip testing solutions and equipment to the semiconductor industry. MCT produces strip test handlers, film frame (or wafer ring) handlers and a laser marker to support strip test operations. Focused 100% on strip test equipment, MCT products enable customers to realize tremendous cost savings in their final test operations. MCT is now a private company that has been in business since 1972.
For More Information: www.cohu.com
