WILLOW GROVE, PA — Kulicke & Soffa Industries today announced definitive agreements to sell its wafer test assets to SV Probe and its package test assets to Investcorp Technology Ventures. Both deals are subject to closing conditions. No financial terms were announced.

K&S said it the moves would tighten its focus on semiconductor assembly equipment and materials.

In a press statement, K&S chairman and CEO Scott Kulicke said, “We’ve made significant progress with these businesses over the last few months. However, this progress has come at the expense of diverting focus away from our goal of being both the technology leader and the low-cost supplier in our core assembly markets, and that’s unacceptable.”

Kevin Kurtz, president and CEO of SV Probe, said, “The combination of SV Probe and K&S Wafer Test Products creates a premier one-stop provider for all wafer testing requirements. This unification clearly establishes SV Probe as the leading provider of a comprehensive set of innovative, cost effective test solutions.

The acquisition of K&S's package test group is Investcorp’s seventh technology venture buyout over the past three years.

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