NORWOOD, Mass., Feb. 5, 2015 (GLOBE NEWSWIRE) -- Xcerra Corporation (Nasdaq:XCRA), today announced the acquisition of substantially all of the assets and certain liabilities of Titan Semiconductor Tool, LLC ("Titan"), effective as of February 2, 2015. Titan develops, manufactures and sells innovative products for semiconductor test serving the automotive, RF/Wireless, and mixed signal test markets. Titan's patented technology includes a product line of contactors that minimize the distance between the device-under-test and the test interface board. The result is an almost transparent electrical interconnect. The acquired products will be developed, supported, and marketed by Xcerra's Multitest interface products group. Titan's technology will complement the Company's existing suite of interface product offerings. Terms of the acquisition have not been disclosed.
Tony Tiengtum, president of Titan Semiconductor Tool, LLC commented, "We have developed a strong portfolio of contactor technologies that will enhance the product lineup currently offered by Xcerra's Multitest interface products group. We are excited to have access to the global sales and distribution network of Xcerra supporting our portfolio of LinkSocketTM contactors. This should lead to accelerated growth for our products."
Timothy McNulty, vice president, interface products group, commented, "The acquisition of Titan expands our product offerings in the contactor market with a product line where we see strong growth potential. Titan has developed some unique contactor technology that fits perfectly with our overall strategy of offering customers best-in-class testers, handlers, interface boards and contactors, as well as, combining those products into total test cell solutions."
Xcerra Corporation is comprised of four businesses in the semiconductor and electronics manufacturing test markets: atg-Luther & Maelzer, Everett Charles Technologies, LTX-Credence and Multitest. The combination of these businesses creates a company with a broad spectrum of semiconductor and PCB test expertise that drives innovative new products and services, and the ability to deliver to customers fully integrated semiconductor test cell solutions. The Company addresses the broad, divergent requirements of the mobility, industrial, automotive and consumer end markets, offering a comprehensive portfolio of solutions and technologies, and a global network of strategically deployed applications and support resources. Additional information can be found at www.xcerra.com or at each product group's website; www.atg-lm.com, www.ectinfo.com, www.ltxc.com and www.multitest.com.
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CONTACT: Investor Contact: Richard Yerganian, Vice President, Investor Relations Xcerra Corporation Tel. 781.467.5063 Email email@example.com