Teradyne closes acquisition of Eagle Test Systems

By Susanna Moon

Chicago, Nov. 17 - Teradyne, Inc. said it completed its acquisition of Eagle Test Systems, Inc.

On Nov. 11, the Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the merger.

Teradyne agreed in September to acquire Eagle Test Systems for $15.65 per share in cash in a deal valued at $250 million.

It was previously reported that Eagle Test Systems will operate as a Teradyne semiconductor test division business unit once the merger is complete.

Separately, Teradyne obtained a senior secured revolving credit facility for $122.5 million, jointly arranged by Banc of America Securities, LLC and RBS Citizens, NA, with Bank of America, NA as administrative agent.

Eagle Test Systems designs, manufactures, sells and services automated test equipment for the semiconductor industry. The company is located in Buffalo Grove, Ill.

Teradyne, based in North Reading, Mass., supplies automatic test equipment used in the consumer electronics, automotive, computing, telecommunications and aerospace and defense industries.

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