Teradyne Acquires LitePoint for $580,000,000

  • Feed Type
  • Date
    9/14/2011
  • Company Name
    LitePoint
  • Mailing Address
    575 Maude Court Sunnyvale, CA 94085
  • Company Description
    LitePoint is a world leader in wireless test solutions. Collaborating with all major wireless chip companies, LitePoint offers the fastest time to production, the lowest cost of test, and the best test coverage available today for the world’s largest OEMs & ODMs and Brand Owners. With commoditization shrinking product life cycles, LitePoint’s first-to-market solutions for WLAN including MIMO plus Bluetooth and WiMAX support faster test, lower cost, and increased quality for chipset designers, OEMs & ODMs and brand companies.
  • Website
    http://www.litepoint.com
  • Transaction Type
    M&A
  • Transaction Amount
    $580,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Acquisition terms were for $510 million net of LitePoint cash and tax benefits plus $70 million if certain performance targets are met extending through 2012.