PDF Solutions to Acquire secureWISE in Strategic Expansion
Deal News | Feb 19, 2025 | Globenewswire
PDF Solutions Inc., a leader in semiconductor manufacturing analytics, has announced a definitive agreement to acquire secureWISE from Telit IOT Solutions. The acquisition, valued at $130 million, will expand PDF Solutions' reach within the semiconductor manufacturing sector by integrating secureWISE's secure, remote connectivity solutions. The move aims to enhance equipment analytics, bolster collaboration across the semiconductor ecosystem, and drive greater efficiencies in manufacturing processes. Authored by Dr. John Kibarian, PDF Solutions' President, the deal is projected to significantly elevate the company's analytics platform, Exensio, enabling improved data-driven insights for fabless companies and equipment vendors. Financial arrangements involve cash on hand and a $70 million bank loan, with the acquisition expected to close in Q1 2025 pending closing conditions.
Sectors
- Semiconductor Manufacturing
- Information Technology
Geography
- United States – PDF Solutions is headquartered in Santa Clara, California, and the deal involves Telit IOT Solutions, which operates internationally but has a significant presence in the U.S.
- Global – The operations and impact of secureWISE span worldwide, with installation in over 90% of global 300mm semiconductor fabs.
Industry
- Semiconductor Manufacturing – This industry is relevant as the article discusses the acquisition of secureWISE, a key player in semiconductor fab connectivity and analytics.
- Information Technology – Relevant due to the technological aspects of PDF Solutions and secureWISE, particularly in data analytics and secure connectivity solutions.
Financials
- 130.0 million – The acquisition price for secureWISE by PDF Solutions, subject to closing conditions and purchase price adjustments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PDF Solutions Inc. | Acquiring Company | Company | A company that provides comprehensive data solutions designed to improve yield and operational efficiency in the semiconductor industry. |
| secureWISE LLC | Target Company | Company | Offers secure connectivity and data exchange solutions for semiconductor equipment manufacturers. |
| Telit IOT Solutions Inc. | Selling Company | Company | Owner of secureWISE, a provider of advanced IoT connectivity solutions across various industries. |
| TD Securities (USA) LLC | Financial Advisor to PDF Solutions | Company | Advised PDF Solutions in the acquisition of secureWISE. |
| Latham & Watkins LLP | Legal Advisor to PDF Solutions | Company | Provided legal advice to PDF Solutions during the acquisition process. |