SINGAPORE (Dec 29): Mainboard-listed AEM Holdings, the provider of semiconductor and electronics test equipment, is acquiring French company Mu-TEST for 7.53 million euros ($11.4 million).

Mu-TEST is a semiconductor test solutions provider in the automated test equipment (ATE) industry.

The purchase consideration is arrived at on a willing buyer and willing seller basis based on an enterprise value of 8 million euro and assuming an estimated net debt of 475,000 euro as of December 2019.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook