Cohu (COHU) Enters Agreement to Acquire Kita Manufacturing
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Cohu to Acquire Spring Probe Company
November 15, 2016 7:00 PM ESTPOWAY, Calif.--(BUSINESS WIRE)-- Cohu, Inc. (NASDAQ: COHU) today announced that it has agreed to acquire Kita Manufacturing Co. LTD. (Kita), a Japan-based company that designs, manufactures and sells spring probe contacts used in final test contactors, probe cards, PCB test boards and connectors sold to customers worldwide.
Luis A. Müller, Cohu President and Chief Executive Officer, stated, The acquisition of Kita adds key technology and manufacturing capability to our ITS business that, combined with our leading handler market share, enables significant growth in the $685 million contactor market. Kita has initiated a... More
