Credence said it will acquire NPTest for $660 million to expand its lead as a pure-play capital equipment manufacturer in non-DRAM semiconductor test.

"We believe that NPTest's high-performance product capabilities combined with Credence's cost-of-test leadership will provide our customers with an unparalleled set of solutions from design-to-production test," said Graham Siddall, Credence chairman and CEO, in a statement.

With the acquisition, Credence expands its product portfolio to include high-end SOC, mixed-signal, RF, flash and automotive test systems. Additionally, with a full suite of debug, characterization and validation tools, Credence said it is the only ATE company to offer a complete design-to-test portfolio. 
 
Siddall will continue to serve as Credence's chairman and CEO.  Ashok Belani, NPTest president and CEO, will assume the role of vice chairman of Credence. He will join Credence's current board of directors. 

By: DocMemory
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