Credence sells diagnostics, characterization business

The business' new owner is an independent company led by Israel Niv, general manager of Credence's diagnostics and characterization group from January 2003 to February 2005.

Suzanne Deffree, Managing Editor, News -- Electronic News -- Test & Measurement World, 2/26/2008 12:34:00 PM

Credence Systems is continuing its focus on automated test equipment (ATE) for the consumer semiconductor industry and, in doing so, has announced the sale of its diagnostics and characterization business to DCG Systems.

Under the agreement, entered into on February 14, Credence will receive up to $10 million for the business, with $2.5 million, subject to certain adjustments, payable on each of the first and second anniversaries of the close of the transaction.

Read the complete story on the EDN Web site.

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