SAN JOSE, Calif. – A group of executives from the ATE and other industries have formally announced a new used equipment and service company.
The company, Boston Semi Equipment Group LLC (BSE Group), also announced the acquisition of Test Advantage Hardware, a reseller of ATE, from Test Advantage Inc. Terms of the agreement were not disclosed.
Test Advantage Hardware reconfigures and redistributes ATE systems and accessories, including those from its financial arm, Test Advantage Capital. The acquisition does not impact the ownership of Test Advantage’s subsidiary, dubbed Test Advantage Software, which will continue to offer its software products.
Privately-funded BSE Group will provide a range of services. It will provide the financing and equipment expertise that enables customers to lease, buy, exchange, upgrade, downgrade, service and refurbish semiconductor capital equipment.
Initially, the company will lease, sell and service refurbished test equipment from Teradyne Inc., said Doug Elder, a former executive of Teradyne and president and CEO of BSE Group (Boston).
In 2008, Teradyne launched a certification program for its own refurbished test equipment and chose Test Advantage as its partner. The equipment certification process applies to Teradyne test systems no longer in production, which includes the J900 and A500 families, Catalyst and Tiger test systems. The refurbishment program enables customers to add capacity with equipment that is consistent with Teradyne’s quality standards.
Meanwhile, over time, BSE Group will provide these services for other testers, as well as packaging and assembly equipment, Elder said. Then, it will eventually move into the front-end equipment segments, he said.
“Semiconductor manufacturers are increasingly turning to structured financing, including leasing and short-term rentals, and equipment from the secondary market to better manage their capital,” he said.
BSE Group is led by Elder and Bryan Banish, its chief operating officer. Both Elder and Banish spent most of their careers at Teradyne.
Executive Vice President Colin Scholefield, a former Delta Design executive, heads up worldwide sales and marketing, while Sandy Garrett will serve as the company’s executive vice president of structured finance and credit. Garrett, who founded the Garrett Group in 1987, spent many years managing the private label financial corporations for Credence Capital and KLA-Tencor Capital.
Join our online Radio Show on Friday 11th July starting at 2:00pm Eastern, when EETimes editor of all things fun and interesting, Max Maxfield, and embedded systems expert, Jack Ganssle, will debate as to just what is, and is not, and embedded system.