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Cohu, Inc. completes acquisition of Ismeca Semiconducture Holding AG from Schweiter Technologies AG

24 January 2013

NASDAQ-listed Cohu, Inc., Poway, United States, through its division Delta Design, leading global supplier of IC test handling equipment used in the semiconductor industry, completed on 31 December 2012 its acquisition of Ismeca Semiconductor Holding AG (and its subsidiaries), leading global supplier of high-speed testing machines for the semiconductor and LED backend segments industry, with headquarters in La Chaux-de-Fonds, Switzerland, and major operations in Malaysia and China, from Schweiter Technologies AG, a SIX Swiss Exchange listed Swiss group with headquarters in Horgen, Switzerland, focused on the textile machinery as well as composites and coating business.

The transaction value amounted to USD 54.5 million, plus acquired net cash.

Schellenberg Wittmer acted as legal counsel to the acquirer Cohu, Inc. The Schellenberg Wittmer team consisted of Martin Weber (overall lead, partner Corporate/M&A), Christian Meier, Sara Lamm (both Corporate/M&A) and Josef Caleff (partner Real Estate).

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