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Cohu to Spend $80M on Rasco

Cohu, the Poway company that makes equipment for the semiconductor industry, said Dec. 8 that it will buy Dover Corp.’s German subsidiary Rasco for $80 million in cash. Cohu expects to complete the transaction within a few days.

Rasco designs, manufactures and sells technology used in semiconductor testing.

Cohu CEO James Donahue said the semiconductor industry is difficult because of the current economic conditions, but said the purchase of Rasco will add significant value when economic conditions improve.

Rasco makes gravity-feed and strip semiconductor test handlers. Semiconductor manufacturers and their test subcontractors use the machines in final test operations.

Rasco’s sales for the 12 months ended November 2008 were $47 million.

“With the acquisition of this premier gravity-feed IC test handler company, Cohu extends its leadership position in the IC test handler industry and gains the benefits of driving industry consolidation,” said Donahue.

Cohu, through its Delta Design subsidiary, supplies test handling solutions used by the global semiconductor industry. It also supplies closed circuit television and microwave communications equipment.

Cohu trades on the Nasdaq as COHU. Shares were at $11.35 in midday trading Dec. 8, up 72 cents from the previous day’s close.

, Ned Randolph

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