Microtest Finalizes Acquisition of Focused Test
Deal News | Nov 13, 2024 | Legal Community Italy
Microtest Group has completed the acquisition of Focused Test after receiving approval from the Committee on Foreign Investment in the United States. Focused Test is a company with expertise in testing silicon carbide (SiC) and gallium nitride (GaN) microchips, operating from locations in Boulder, USA, and Cabuyao, Philippines. Pavia e Ansaldo, led by partner Giuseppe Besozzi and counsel Erica Lepore, advised Microtest through the acquisition process. American legal aspects were handled by Crowell Moring UK LLP, with a team led by partner Paul Pollock. The sellers were advised by Bryan Cave Leighton Paisner. The acquisition boosts Microtest Group's annual revenue to over €80 million and increases its workforce to over 400, solidifying its position as Italy’s leading supplier of testing equipment and services in the microchip and semiconductor industries.
Sectors
- Semiconductors
- Legal Services
Geography
- Italy – Microtest Group, the acquiring company, is based in Italy.
- United States – Focused Test, the target company, has operations in Boulder, USA, and the acquisition required approval from the Committee on Foreign Investment in the United States.
- Philippines – Focused Test has operations in Cabuyao, Philippines.
Industry
- Semiconductors – The article discusses the acquisition by Microtest, a company involved in microchip testing, within the semiconductor industry.
- Legal Services – Several legal firms, Pavia e Ansaldo, and Crowell Moring UK LLP, played significant roles in facilitating the acquisition deal.
Financials
- 80,000,000 EUR – The aggregate revenue of Microtest Group post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Microtest Group | Acquirer | Company | An Italian company specializing in microchip testing systems. |
| Focused Test | Target Company | Company | A company that specializes in testing microchips made from silicon carbide (SiC) and gallium nitride (GaN). |
| Pavia e Ansaldo | Legal Advisor to Microtest | Company | An Italian law firm that provided legal assistance during the acquisition. |
| Crowell Moring UK LLP | American Legal Advisor | Company | A law firm that handled the American legal aspects of the acquisition. |
| Bryan Cave Leighton Paisner | Legal Advisor to Sellers | Company | A law firm that assisted the sellers in the acquisition. |
| Committee on Foreign Investment in the United States | Regulatory Approval Body | Government | A U.S. government committee that approved the acquisition. |