POWAY, CA – Mycronic signed an agreement with Cohu to purchase the firm’s printed circuit board test group for $125 million.

Cohu will use $95 million to $100 million of the sale proceeds for debt repayment.

The PTG business reported sales of $52.9 million for the year ended Mar. 27.

Cohu will focus on its semiconductor equipment and services businesses following the sale.

 

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