Advantest, a semiconductor test equipment supplier, completed the acquisition of Essai, a supplier of semiconductor final-test, system-level test sockets and thermal control units, for $300m. "This acquisition is part of our medium- to long-term growth strategy to expand our test and measurement solutions across the continuously evolving semiconductor value chain. Essai’s engineering capabilities, excellent customer base and first-rate technical team will complement our semiconductor test equipment business. We hope to accelerate the growth of Essai’s business by leveraging our global customer base and production process expertise. I am confident that our customers will be very interested in the high-precision, end-to-end test solutions we will be able to offer as a result of adding Essai products to our portfolio. In addition, Essai’s business is directly linked to our goal of strengthening our recurring business, so I believe that the acquisition also will contribute to diversifying and stabilizing our earnings base," Yoshiaki Yoshida Advantest President and CEO.