News
PLAINVIEW, NY — A pair of private equity firms have agreed to purchase test equipment maker Aeroflex Inc. in a deal worth about $1 billion. General Atlantic and Francisco Partners said they would purchase the company, subject to standard stockholder approval and closing conditions.
The deal contains a "go shop" provision under which Aeroflex may solicit other offers through April 18. However, Aeroflex would have to pay fees of up to $37 million to call off the deal.
Aeroflex, a global provider of high-technology test, measurement, and microelectronic products, offers a strong platform, track record, and service record, said Dipanjan Deb, co-founder and managing partner at Francisco.
For Francisco Partners, it would be the second major electronics manufacturing acquisition in a year. Last fall, the firm acquired Universal, Vitronics-Soltec and Hover-Davis.
The deal contains a "go shop" provision under which Aeroflex may solicit other offers through April 18. However, Aeroflex would have to pay fees of up to $37 million to call off the deal.
Aeroflex, a global provider of high-technology test, measurement, and microelectronic products, offers a strong platform, track record, and service record, said Dipanjan Deb, co-founder and managing partner at Francisco.
For Francisco Partners, it would be the second major electronics manufacturing acquisition in a year. Last fall, the firm acquired Universal, Vitronics-Soltec and Hover-Davis.
ATLANTA – Technology Forecasters and Spartronics this month will present a free one-hour online Webinar on electronics manufacturing in Vietnam and India.
The Webinar takes place March 21 at 2 pm EDT and is produced by UP Media Group, the parent company of Circuits Assembly. Matt Chanoff, TFI senior economist, will co-present with Jason Craft, director and general manager of Spartronics’ EMS operations in Vietnam.
The Webinar takes place March 21 at 2 pm EDT and is produced by UP Media Group, the parent company of Circuits Assembly. Matt Chanoff, TFI senior economist, will co-present with Jason Craft, director and general manager of Spartronics’ EMS operations in Vietnam.
SAN JOSE – January sales of semiconductors rose 9.2% worldwide to $21.47 billion, the Semiconductor Industry Association reported. January sales dipped 1.2% from December, which the trade group chalked up to seasonality. SIA reiterated its forecast for 2007, noting falling inventory levels.
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