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Cascade Microtech, Inc. (CSCD)

- NASDAQ
  • Oct. 2, 2013, 4:23 PM
    • Cascade Microtech (CSCD +1.6%) acquires ATT Advanced Temperature Test Systems, a manufacturer of thermal systems used in wafer testing, for ~$27M. The price is composed of €8.4M in cash, 1.6M shares of CSCD, and €0.8M in deferred payments.
    • The purchase price represents ~6x TTM EBITDA. Cascade expects the acquisition to be accretive in Q4.
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Company Description
Cascade Microtech Inc designs, develops, manufactures and markets wafer probing solutions for the electrical measurement and testing of chips. It mainly operates in Beaverton, Oregon, North St. Paul, Minnesota, Munich, Germany.