SUSS MicroTec AG (business
address: Schleissheimer Strasse 90, 85748 Garching, Germany; ISIN: DE0007226706),
which is listed in the Prime Standard of Deutsche Börse AG, today announced
the sale of its Test Systems Division, which is located in Sacka near Dresden,
Germany, plus other related assets. The Company was sold to Cascade Microtech,
Inc. (NASDAQ: CSCD), a worldwide leader in the precise electrical measurement
and test of integrated circuits.
The purchase price for the SUSS MicroTec Test Systems GmbH, which is subject
to a post-closing purchase price adjustment, is cash and debt free and consists
of a fixed amount and an amount placed in escrow. The fixed component amounts
to EUR 4.5 million of which EUR 2.0 million was paid in cash and EUR 2.5 million
was paid in shares of Cascade Microtech common stock. In addition, an amount
of EUR 2.5 million has been placed in escrow and will be released to the seller
upon meeting certain post-sale conditions.
SUSS MicroTec Test Systems is a leading global supplier of measurement and
test systems for the semiconductor industry. It employs approximately 120 staff
at its Sacka site and its international subsidiaries. In the 2008 fiscal year
sales was EUR 25.0 million and EUR 10.6 million for the nine months ended September
30, 2009.
With the divestment of the SUSS MicroTec Test Systems GmbH and the recent acquisition
of HamaTech APE, SUSS MicroTec will focus on its core competency of microstructuring
for microelectronics applications.
SUSS MicroTec’s comprehensive product portfolio of exposure, cleaning,
coating, developing and bonding equipment offers complete high performance solutions
for advanced semiconductor packaging and 3D integration as well as the manufacturing
of MEMS and LEDs.
Through the acquisition of SUSS MicroTec Test Systems GmbH, who held the second
position in the market, Cascade Microtech will strenghten its market leadership
position in the semiconductor test probe station market focusing the necessary
resources towards developing leading-edge customer solutions to address accelerated
growth markets.
“This is a key strategic move for Cascade Microtech which strengthens
our product portfolio and leverages our combined resources and competencies,”
said F. Paul Carlson, Chairman and CEO, Cascade Microtech, Inc. “We now
have the critical mass to focus on the technical challenges our customers have
in developing semiconductor processes and designing devices into the next decade.
This acquisition enables us to aggressively address emerging applications such
as 3D TSV, LED, and MEMS that are on an accelerated growth curve.”
“Divesting the SUSS MicroTec Test Systems GmbH allows us to focus on
manufacturing solutions for our high growth core markets of advanced packaging,
3D integration, LED and MEMS’ said Frank P. Averdung, President and CEO
of SUSS MicroTec. “Having a broad product range for 3D integration, we
anticipate future collaboration with Cascade Microtech in order to address the
complex issues in developing and testing 3D through silicon vias (TSVs).”