Cascade Microtech Acquires ATT Advanced Temperature Test Systems - Quick Facts

(RTTNews) - Cascade Microtech, Inc. (CSCD) announced that it has acquired ATT Advanced Temperature Test Systems GmbH or ATT Systems, which is headquartered in Munich Germany.

Commenting on ATT Systems, the company said it is a leader in the manufacturing of advanced thermal systems used in the testing of semiconductor wafers. ATT Systems provides enhanced thermal solutions for wafer testing over expanded temperatures that typically range from -60 to 300 degrees centigrade.

Cascade Microtech believes the acquisition strategically positions the combined companies for future system development and access to larger markets. ATT Systems' management team will remain with the company in Munich.

The company noted that the purchase price for the acquisition includes about 8.4 million Euros in cash, approximately 1.6 million shares of Cascade Microtech common stock, and deferred payments of about 0.8 million Euros. The purchase price is subject to certain post-closing adjustments. The shares of common stock issued in the transaction are subject to a one-year lock-up agreement.