2008 Press Releases-07
Tokyo, Japan -
March 26, 2008
Yokogawa Announces Transfer of Its IC Handler Business
Yokogawa Electric Corporation and TESEC Corporation have come to terms on the transfer of Yokogawa's IC handler business to TESEC, and a business transfer agreement was signed on March 26. The companies will subsequently determine the details of the transfer, which is to be formally implemented on July 1, 2008.
As a part of its business restructuring strategy, Yokogawa has been selecting and focusing on promising businesses whose technologies differentiate it in the marketplace and enjoy good synergy with other businesses. As the IC handler business is not expected to be a market leader and has little synergy with other main businesses, Yokogawa has decided to transfer it. The company plans to enhance its value by making effective and efficient use of its investment capital and focusing investment on the core businesses of test and measurement as well as industrial automation and control.
TESEC's main business consists of handlers and systems for testing discrete semiconductors(*). Since its foundation, the company has attached strategic important to the handler business and expanded into the IC market. The company believes that this transfer of the IC handler business from Yokogawa will enrich its IC handler product line and customer base, thereby strengthening its competitiveness in the world market and adding to its business volume. The company will endeavor to enrich its development capability by integrating the transferred technology, and will engage in mass production to reduce production costs. Further, the company aims to grow its semiconductor test equipment business and increase its company value.
* Discrete semiconductors: collective name for transistors, diodes and other single function semiconductor elements
Overview of business transfer
Effect on the two companies' businesses
Yokogawa's global network of 19 manufacturing facilities and 89 companies spans 32 countries. Since its founding in 1915, the US$4 billion company has been engaged in cutting-edge research and innovation, securing more than 7,500 patents and registrations, including the world's first digital sensors for flow and pressure measurement. Industrial automation and control, test and measurement, information systems and industry support are the core businesses of Yokogawa. For more information about Yokogawa, please visit our web site at www.yokogawa.com.