Xenon Private Equity, a private equity firm, completed the acquisition of Microtest, a global supplier and partner for companies seeking advanced electronic and microelectronic solutions for various applications, for $112m. "Around Microtest, we have the unique opportunity to invest significant resources to create a European group capable of competing in the global market for testing microelectronic components with a well-defined and highly technological positioning at a time when the microchip industry is entering the greatest growth trajectory ever experienced," Franco Prestigiacomo, Xenon Private Equity CEO.