Teradyne and Technoprobe Announce Strategic Agreements to Drive Semiconductor Test Interface Innovation and Accelerate Growth
Teradyne and Technoprobe Announce Strategic Agreements to Drive Semiconductor Test Interface Innovation and Accelerate Growth
- Teradyne to acquire 10% ownership of Technoprobe
- Technoprobe to acquire Teradyne's Device Interface Solutions Business
- Teradyne and Technoprobe to Engage in Joint Development Projects
- 泰瑞達將收購 Technoprobe 10% 的所有權
- Technoprobe 將收購泰瑞達的設備接口解決方案業務
- 泰瑞達和 Technoprobe 將參與聯合開發項目
NORTH READING, MA / ACCESSWIRE / November 7, 2023 / Teradyne, Inc. (NASDAQ:TER), a leading supplier of automated test solutions, and Technoprobe S.p.A. (FTSE Italy Mid Cap:TPRO), a leader in the design and production of probe cards, today announced they have entered into a series of agreements establishing a strategic partnership that is expected to accelerate growth for both companies and enable them to offer higher performance semiconductor test interfaces to their customers worldwide. As part of the partnership, Teradyne will make an approximately $516 million equity investment, based on current foreign exchange rates, in Technoprobe and Technoprobe will acquire Teradyne's Device Interface Solutions (DIS) business for $85 million. The companies will also engage in joint development projects.
馬薩諸塞州北雷丁/ACCESSWIRE /2023 年 11 月 7 日 / 泰瑞達公司（納斯達克股票代碼：TER）是自動化測試解決方案的領先供應商，和探針卡設計和生產領域的領導者Technoprobe S.p.A.（FTSE Italy Mid Cap: TPro）今天宣佈，他們已經簽訂了一系列協議，建立了戰略合作伙伴關係，預計這將加速兩家公司的增長，使他們能夠向全球客戶提供更高性能的半導體測試接口。作爲合作伙伴關係的一部分，泰瑞達將按當前的外匯匯率向Technoprobe進行約5.16億美元的股權投資，而Technoprobe將以8500萬美元的價格收購泰瑞達的設備接口解決方案（DIS）業務。兩家公司還將參與聯合開發項目。
While working on joint development projects, both companies remain committed to an "open ecosystem" so customers can choose the interface/tester supplier of their choice. Teradyne remains committed to enabling customers and third-party interface companies to develop interface hardware for their test systems. Both companies will continue to operate independently in their respective market segments while cooperating on future product development projects.
在開展聯合開發項目時，兩家公司仍然致力於建立 “開放生態系統”，因此客戶可以選擇自己選擇的接口/測試儀供應商。Teradyne仍然致力於使客戶和第三方接口公司能夠爲其測試系統開發接口硬件。兩家公司將繼續在各自的細分市場中獨立運營，同時合作開展未來的產品開發項目。
The unrelenting drive to pack more semiconductor performance into smaller packages using finer lithography nodes, new design architectures and advanced packaging technologies like chiplets is creating an entirely new class of challenges to connect test systems to the chips to be tested. This partnership is expected to enable Teradyne and Technoprobe to unlock new capabilities to increase the performance and lower test costs for semiconductor makers.
使用更精細的光刻節點、新的設計架構和諸如小芯片之類的先進封裝技術，將更多的半導體性能封裝到更小的封裝中，這給將測試系統連接到待測試芯片帶來了全新的挑戰。預計這種合作關係將使Teradyne和Technoprobe能夠解鎖新功能，從而提高半導體制造商的性能並降低測試成本。
Greg Smith, CEO of Teradyne, said "We're excited to work with Technoprobe as the unique advantages of their interface technology help unlock the superior scalability of our testers to deliver greater benefit for our customers. Technoprobe has great products and has made important investments to align with the trends that are driving the market. Our equity investment and joint development projects reflect our confidence in Technoprobe to create value for our shareholders and customers through innovative interface solutions for the growing interface market."
泰瑞達首席執行官格雷格·史密斯說：“我們是很高興與Technoprobe合作，因爲他們的接口技術的獨特優勢有助於釋放我們測試儀的卓越可擴展性，從而爲我們的客戶帶來更大的利益。Technoprobe 擁有出色的產品，並進行了大量投資以適應推動市場的趨勢。我們的股權投資和聯合開發項目反映了我們對Technoprobe的信心，即通過爲不斷增長的接口市場提供創新的接口解決方案，爲股東和客戶創造價值。”
Stefano Felici, CEO of Technoprobe S.p.A., said "We are enthusiastic to have the opportunity to work more closely with Teradyne, strengthening our long-lasting partnership. The acquisition of Device Interface Solutions will allow us to enlarge our technology competences in the Device Interface Board market."
Technoprobe S.p.A. 首席執行官斯特凡諾·費利西表示：“我們很高興有機會與泰瑞達更緊密地合作，加強我們的長期合作關係。收購設備接口解決方案將使我們能夠擴大我們在設備接口板市場上的技術能力。”
Terms
Under the terms of the transactions Teradyne will make an approximately $516 million equity investment, based on current foreign exchange rates, in Technoprobe representing a 10% ownership interest and Technoprobe will pay approximately $85M for Teradyne's Device Interface Solutions business. The share price for the equity investment is at a price per share equal to Euro 7.362, which reflects the volume weighted average trading price for the 3-months prior to the announcement of the transactions. After the DIS sale closes, Technoprobe will continue to service Teradyne's existing DIS customers, including Teradyne's development of interface solutions.
條款
根據交易條款，根據當前的外匯匯率，泰瑞達將對Technoprobe進行約5.16億美元的股權投資，佔10％的所有權，而Technoprobe將爲泰瑞達的設備接口解決方案業務支付約8500萬美元。股票投資的股價爲每股價格等於7.362歐元，這反映了交易宣佈前3個月的交易量加權平均交易價格。DIS銷售結束後，Technoprobe將繼續爲泰瑞達現有的DIS客戶提供服務，包括泰瑞達開發接口解決方案。
At closing, Teradyne and T-Plus S.p.A, Technoprobe's controlling shareholder, will enter into a shareholders' agreement whereby: (i)Teradyne will have the right to appoint a non-executive member of the Board of Directors of Technoprobe; (ii) no action or decision will be taken by the shareholders' meeting and/or by the Board of Directors of Technoprobe without the favorable vote of Teradyne in relation to on certain by-laws' amendments, related party transactions and the delisting of Technoprobe shares; (iii) Teradyne undertakes not to transfer any Technoprobe shares and be prevented from any hedging activity on such shares for 36 months starting from the closing date subject to certain early termination events.
收盤時，泰瑞達和Technoprobe的控股股東T-Plus S.p.A將簽訂股東協議，根據該協議： (i)泰瑞達將有權任命Technoprobe董事會的非執行成員； (ii) 如果沒有泰瑞達對某些章程的修訂、關聯交易和Technoprobe股份的退市投贊成票，股東大會和/或Technoprobe董事會將不會採取任何行動或決定； (iii) Teradyne承諾從截止日期起的36個月內不轉讓任何Technoprobe股票，並禁止對此類股票進行任何套期保值活動，但須視某些提前終止事件而定。
These transactions are expected to close in the first half of 2024 and are subject to customary closing conditions, including CFIUS and Foreign Direct Investment filings in certain other jurisdictions, as well as merger control filings in Taiwan and in the U.S. under Hart-Scott Rodino.
這些交易預計將於2024年上半年完成，並受慣例成交條件的約束，包括在某些其他司法管轄區提交CFIUS和外國直接投資申請，以及在Hart-Scott Rodino領導下在臺灣和美國提交的併購控制申請。
J.P. Morgan Securities LLC and Lazard S.r.l. acted as financial advisors to Teradyne for the transaction. Shearman & Sterling LLP and Chiomenti acted as legal counsel to Teradyne.
摩根大通證券有限責任公司和拉扎德有限責任公司擔任該交易的財務顧問。Shearman & Sterling LLP和Chiomenti擔任泰瑞達的法律顧問。
In connection with the transactions, Teradyne has suspended its share repurchase program effective November 7, 2023 and expects to update investors on its capital allocation plans in its January 2024 earnings call.
與這些交易有關，泰瑞達已暫停其股票回購計劃，自2023年11月7日起生效，並預計將在2024年1月的業績電話會議上向投資者通報其資本配置計劃的最新情況。
About Technoprobe S.p.A.
Technoprobe is a leading company in the field of semiconductors and microelectronics. Established in 1996 by the entrepreneurial spirit of its founder Giuseppe Crippa, Technoprobe specialises in the design and manufacture of Probe Cards, i.e. electro-mechanical interfaces used for the functional testing of chips. Its market segment is the testing of non-memory or SOC (system on chip) semiconductors. The Group is the only Probe Card manufacturer in Italy and a world leader in terms of volume and turnover. It has partnerships and collaborations with some of the world's largest microelectronics, IT and digital companies. Probe cards are hi-tech devices that are custom-made for each chip and allow the function of chips to be tested during the manufacturing process. These technologically-advanced designs and solutions are essential for ensuring the proper functioning and reliability of devices that play a crucial role in industries such as Information Technology, 5G, Internet of Things, home automation, automotive, aerospace, etc. As a result, Technoprobe is a critical link in the supply chain for the manufacture of chips, which are at the heart of today's technological world. Technoprobe is a rapidly expanding hub of technological research and innovation with approximately 2,700 employees (1,700 of them located in Italy), three research centres and more than 600 certified patents. Technoprobe has 14 locations worldwide. The Group's Italian headquarters are in Cernusco Lombardone (LC), a municipality on the outskirts of Milan where there is also a production plant that covers an area of about 18,000 sqm. The Group has two additional production plants in Italy: one in Agrate (MB) covering about 3,000 sqm, and one in Osnago (LC) covering about 5,000 sqm. Also, in Italy, a Design Center was opened in Sicily, in Catania, in 2022. The Group also has 10 other locations spread across Europe (France and Germany), Asia (Taiwan, South Korea, China, Japan, Philippines and Singapore) and the United States (two locations in California).
關於 Technobrobe S.p.A.
Technoprobe 是半導體和微電子領域的領先公司。Technoprobe 於 1996 年由其創始人 Giuseppe Crippa 的企業家精神創立，專門設計和製造探針卡，即用於芯片功能測試的機電接口。它的細分市場是非存儲器或SOC（片上系統）半導體的測試。該集團是意大利唯一的探針卡製造商，在數量和營業額方面處於世界領先地位。它與一些世界上最大的微電子、信息技術和數字公司建立了合作伙伴關係和合作關係。探針卡是爲每個芯片定製的高科技設備，允許在製造過程中測試芯片的功能。這些技術先進的設計和解決方案對於確保在信息技術、5G、物聯網、家庭自動化、汽車、航空航天等行業中起着至關重要的作用的設備的正常運行和可靠性至關重要。因此，Technoprobe 是芯片製造供應鏈中的關鍵環節，而芯片製造是當今科技世界的核心。Technoprobe 是一個快速發展的技術研究和創新中心，擁有大約 2,700 名員工（其中 1,700 人位於意大利）、三個研究中心和 600 多項認證專利。Technoprobe 在全球有 14 個地點。集團的意大利總部位於米蘭郊區切爾努斯科·倫巴多內（LC），那裏還有一個佔地約18,000平方米的生產工廠。集團在意大利還有另外兩家生產工廠：一座位於阿格拉特（MB），佔地約3,000平方米，另一座位於奧斯納戈（LC），佔地約5,000平方米。此外，在意大利，設計中心於2022年在西西里島的卡塔尼亞開業。集團還有其他10個分支機構，分佈在歐洲（法國和德國）、亞洲（臺灣、韓國、中國、日本、菲律賓和新加坡）和美國（兩個地點位於加利福尼亞州）。
About Teradyne
Teradyne (NASDAQ:TER) test technology helps bring high-quality innovations such as smart devices, life-saving medical equipment and data storage systems to market, faster. Its advanced test solutions for semiconductors, electronic systems, wireless devices and more ensure that products perform as they were designed. Its robotics offerings include collaborative and mobile robots that help manufacturers of all sizes increase productivity, improve safety, and lower costs. In 2022, Teradyne had revenue of $3.2 billion and today employs over 6,600 people worldwide. For more information, visit teradyne.com. Teradyne is a registered trademark of Teradyne, Inc., in the U.S. and other countries.
關於 Teradyne
Teradyne （納斯達克股票代碼：TER） 測試技術有助於更快地將諸如智能設備、救生醫療設備和數據存儲系統之類的高質量創新產品推向市場。其針對半導體、電子系統、無線設備等的先進測試解決方案可確保產品按設計運行。其機器人產品包括協作和移動機器人，可幫助各種規模的製造商提高生產力、提高安全性並降低成本。2022年，泰瑞達的收入爲32億美元，如今在全球擁有超過6,600名員工。欲了解更多信息，請訪問 teradyne.com。Teradyne 是 Teradyne, Inc. 在美國和其他國家的註冊商標。
Safe Harbor Statement
This release contains forward-looking statements regarding the transaction, Teradyne's future financial results, and Technoprobe's future business prospects share price and market conditions. Such statements are based on the current assumptions and expectations of Teradyne's management and are neither promises nor guarantees of future performance. There can be no assurance that these forward-looking statements will be achieved. Important factors that could cause actual results to differ materially from those presently expected include: seeking and obtaining the required regulatory approvals in connection with effecting the transaction; conditions affecting the markets in which Technoprobe operates; market acceptance of Technoprobe's new products; competition from both larger, more established and emerging companies in Technoprobe's markets; the protection of Technoprobe's intellectual property; potential infringement of third-party intellectual property rights; the recruitment and retention of key employees; product warranty claims; compliance with product safety regulations and standards; Technoprobe's ability to successfully grow the acquired Device Interface Solutions business; the success of the strategic business agreements between the parties; and other events, factors and risks disclosed in filings with the SEC, including, but not limited to, the "Risk Factors" section of Teradyne's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and Quarterly Report on Form 10-Q for the fiscal quarter ended October 1, 2023. The forward-looking statements provided by Teradyne in this press release represent management's views as of the date of this release. Teradyne anticipates that subsequent events and developments may cause management's views to change. However, while Teradyne may elect to update these forward-looking statements at some point in the future, Teradyne specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Teradyne's views as of any date subsequent to the date of this release.
安全港聲明
本新聞稿包含有關該交易、泰瑞達未來財務業績以及Technoprobe未來業務前景、股價和市場狀況的前瞻性陳述。此類陳述基於泰瑞達管理層當前的假設和預期，既不是對未來業績的承諾也不是保證。無法保證這些前瞻性陳述會得以實現。可能導致實際業績與目前預期的結果存在重大差異的重要因素包括：尋求並獲得與交易相關的監管部門批准；影響Technoprobe運營市場的條件；市場對Technoprobe新產品的接受度；來自Technoprobe市場上規模更大、更成熟和新興公司的競爭；對Technoprobe知識產權的保護；對第三方知識產權的潛在侵犯；招聘和留住關鍵員工；產品保修索賠；遵守產品安全法規和標準；Technoprobe成功發展收購的設備接口解決方案業務的能力；雙方之間戰略業務協議的成功；以及向美國證券交易委員會提交的文件中披露的其他事件、因素和風險，包括但不限於泰瑞達截至2022年12月31日財年的10-K表年度報告和季度報告中的 “風險因素” 部分截至2023年10月1日的財季的10-Q表。泰瑞達在本新聞稿中提供的前瞻性陳述代表了管理層截至本新聞稿發佈之日的觀點。泰瑞達預計，隨後的事件和事態發展可能會導致管理層的觀點發生變化。但是，儘管泰瑞達可能會選擇在未來的某個時候更新這些前瞻性陳述，但泰瑞達明確表示沒有義務這樣做。截至本新聞稿發佈之日後的任何日期，這些前瞻性陳述均不應被視爲代表泰瑞達的觀點。
| Contact: | Teradyne, Inc. | |
| Andy Blanchard 978-370-2425 | ||
| Vice President of Corporate Relations |
| 聯繫人： | Teradyne, Inc. | |
| 安迪·布蘭查德 978-370-2425 | ||
| 企業關係副總裁 |
SOURCE: Teradyne, Inc.
來源： Teradyne, Inc.
譯文內容由第三人軟體翻譯。