LTX-Credence Corp. (Nasdaq: LTXC) is buying some of Downers Grove, Ill.-based Dover Corp.’s (NYSE: DOV) businesses for $93.5 million.
The buyer is picked up the Multitest and Everett Charles Technologies businesses from Dover.
Multitest manufactures test equipment for semiconductor circuits. Everett Charles develops technology board test products, including for semiconductor operations.
LTX, which provides test services to the wireless, computing, automotive and entertainment markets, expects the deal to increase its semiconductor testing services.
Norwood, Mass.-based LTX is paying $73.5 million in cash and bank debt and $20 million by issuing a promissory note to Dover.
The transaction comes on the heels of Dover’s recent acquisition of Finder SpA, an Italian manufacturer of vacuum parts and components.
Recent deals for semiconductor companies include Maxim Integrated Products Inc.'s (Nasdaq: MXIM) purchase of Volterra Semiconductor Corp. and Spansion's acquisition of Fujitsu Semiconductor.