Nidec to Acquire SV Probe Pte. Ltd., a Probe Card Manufacturer
2017年8月21日 - 7:04PM
Nidec Corporation (TSE:6594) (OTC US:NJDCY) (the
“Company” or “Nidec”) today announced that the Company has
agreed to acquire 100% equity shares of SV Probe Pte. Ltd. (“SV
Probe”), a probe card manufacturer from Singapore-based Ellipsiz
Ltd. (the “Transaction”) through the Company’s subsidiary,
Nidec-Read Corporation. For this purpose, Nidec-Read entered into a
stock purchase agreement on August 21, 2017 (Singapore time).
1. Purpose and
Background of the Transaction
Nidec-Read’s main business is the development,
manufacturing and sales of inspection equipment for semiconductor
package substrates and printed circuit boards, as well as
inspection fixture. In recent years, it has expanded its product
portfolio into small capacitance measurement equipment for touch
screen panels and optical inspection equipment for semiconductor
wafers. Embedded electronic active/passive components in
smartphones and IoT devices are required to be increasingly small
and power efficient. Also, new semiconductor packaging technologies
that created embedded electronic component substrates and Fan
Out Wafers Level Packages (FOWLP)¹ are diversifying and tightening
inspection requirements. Nidec-Read has sought for a new inspection
method that responds to the foregoing development in semiconductor
packaging and that ensures its mid- to long- term growth target.
The acquisition of SV Probe is Nidec-Read’s important step in that
direction.
SV Probe was established in the United States in
1994 as a manufacturer of probe cards for semiconductor wafer
inspection, with footholds in Japan, Singapore, Taiwan, China and
Vietnam.
Through the Transaction, Nidec-Read expects to gain
competitiveness in the inspection market by applying its MEMS
spring probe² technology to the vertical probe cards³ manufactured
by SV Probe. In addition, by mutually sharing its cutting-edge
processing and assembly technology with SV Probe, Nidec-Read will
be able to reduce manufacturing costs and improve investment
efficiency. Nidec-Read also expects to sell its inspection
equipment through SV Probe’s sales channel to the leading
semiconductor manufactures.
¹A package formed by expanding redistribution layer, which is
connecting a semiconductor chip and a printed board, to the outside
of a semiconductor chip by using a semiconductor process.²Contact
needle for energization testing with small diameter spring shape
manufactured by Nidec-Read’s unique micro 3D pattern creation
technology (photolithography).³A fixture for inspecting the
electrical characteristics of a semiconductor chip which has
contact needles arranged vertically standing to the semiconductor
chip.
2. Information on SV
Probe
(1 |
) |
Company Name: |
SV Probe
Pte. Ltd. |
(2 |
) |
Headquarters: |
Serangoon, Singapore |
(3 |
) |
Foundation: |
1994
(became a wholly owned subsidiary of Ellipsiz in 2006) |
(4 |
) |
Principal Business: |
Manufacturing and sales of probe cards |
(5 |
) |
Employees: |
978 (as
of February 2017, consolidated basis) |
(6 |
) |
Locations: |
Singapore, Taiwan, China, Japan, Vietnam, USA |
(7 |
) |
Financials: |
Revenue:
SGD 76.6 millionEBIT: SGD 9.1 millionEBIT ratio:
11.9%(fiscal year ended June 30 2016, consolidated basis) |
3. Information
on Transaction
(1) Purchase price and considerations |
The
purchase price is USD 65 million (on a cash and debt-free
enterprise value basis) and the consideration will be all
cash. |
(2) Payment and Funding |
Cash on
hand |
(3) Transaction Structure |
Nidec-Read will be the entity that acquires the 100% equity shares
of SV Probe from Ellipsiz Ltd. |
(4) Schedule |
Closing
of the Transaction: To be completed at the end of October 2017 |
4. Effect on
Financial Performance for the Current Fiscal Year
Nidec intends to make appropriate disclosures
regarding the impact of the Transaction described herein on its
consolidated financial performance for the current fiscal year and
announce any changes to its financial performance in accordance
with the applicable rules of the Tokyo Stock Exchange once such
details are determined.
Cautionary Statement Concerning
Forward-Looking Information
This press release contains forward-looking
statements regarding the intent, belief, strategy, plans or
expectations of the Nidec Group or other parties. Such
forward-looking statements are not guarantees of future performance
or events and involve risks and uncertainties. Actual results may
differ materially from those described in such forward-looking
statements as a result of various factors, including, but not
limited to, the risks to successfully integrating the acquired
business with the Nidec Group, the anticipated benefits of the
planned transaction not being realized, changes in general economic
conditions, shifts in technology or user preferences for particular
technologies, whether and when required regulatory approvals are
obtained, other risks relating to the successful consummation of
the planned transaction, and changes in business and regulatory
environments. The Nidec Group does not undertake any obligation to
update the forward-looking statements contained herein or the
reasons why actual results could differ from those projected in the
forward-looking statements except as may be required by law.
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com