FREMONT, Calif. --- Automatic test equipment company Credence Systems Corp. announced today (November 27, 2002) that it is to buy Optonics Inc., a privately held supplier of optical emission based diagnostic and failure analysis tools, based in Mountain View, California.
The acquisition is anticipated to be an all-stock transaction for approximately two million Credence shares, which would make it worth about $23 million.
The transaction is subject to various closing conditions, including approval by Optonics' shareholders, but Fremont-based Credence said it expects broad shareholder support.
"The acquisition of Optonics marks the latest move toward the Company's vision of being the compelling supplier of integrated test solutions for semiconductor devices from design through production," said Graham Siddall, chairman and chief executive officer of Credence, in a statement. "Optonics' solutions provide advanced IC manufacturers shorter design cycles, and faster product introductions through fewer mask redesigns," he said.
Optonics' Emiscope system is an infrared diagnostic tool that allows the measurement of switching (timing) events in advanced flip-chip package designs and complex multi-layer sub-0.15-micron devices. The Emiscope has a multi-GHz bandwidth, Credence said.
"Advanced IC packaging technology is driving the need for more sophisticated backside, through-substrate, optical diagnostic solutions such as Optonics' Emiscope," said Israel Niv, founder, president and chief executive officer of Optonics, in the same statement.
Niv said that Emiscope could be combined with Credence's Vanguard and Gemini testers to support design optimization and failure analysis.