TOKYO – Semiconductor test equipment supplier Advantest has entered into an agreement to acquire R&D Altanova for an undisclosed sum.

R&D Altanova supplies consumable test interface boards, substrates and interconnects for high-end applications, offering simulation, design, layout, fabrication and assembly.

"This acquisition is part of our medium- to long-term growth strategy to expand our test and measurement solutions across the continuously evolving semiconductor value chain,” said Advantest president and CEO Yoshiaki Yoshida. “R&D Altanova's engineering and manufacturing capabilities, excellent customer base, and first-rate technical team will complement our semiconductor test equipment business. We hope to accelerate the growth of R&D Altanova's business by leveraging our global customer base and production process expertise. I am confident our customers will be very interested in the high-precision, end-to-end test solutions we will be able to offer as a result of adding R&D Altanova products to our portfolio. To that end, we plan on expanding R&D Altanova’s manufacturing footprint in the US to meet an expected increase in demand by our US customers. In addition, R&D Altanova's business is directly linked to our goal of strengthening our recurring business, so I believe the acquisition will also contribute to diversifying and stabilizing our earnings base.”

R&D Altanova, which is headquartered in South Plainfield, NJ, will become a wholly owned subsidiary of Advantest America.

The closing of the transaction is tied to regulatory approvals, which the company expects in the fourth quarter of 2021.