Advantest Completes Buyout of Credence Systems GmbH
TOKYO, Japan - Advantest Corporation, the world’s leading semiconductor test equipment manufacturer, has completed its buyout of Credence Systems GmbH (CSG), a manufacturer of test systems for automotive semiconductors. The contract to acquire CSG was signed in June of this year. All closing conditions have been met, including the approval of German antitrust authorities, and the transaction was closed on August 26th, German time.
As of August 26th, CSG will operate as follows, under a new name:
1. New company name:
Advantest Europe Systems GmbH
3. Company Officer (Position):
Josef Schraetzenstaller (managing director)
Executive officer of Advantest Corporation
Managing director of Advantest (Europe) GmbH
4. Business Description:
Development, manufacture, sale, maintenance and import/export of test equipment and other electronic devices in the semiconductor manufacturing sector.
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