Cohu Acquires Kita Manufacturing

Poway-based Cohu, which manufactures semiconductor test and inspection equipment, said today that it has completed its acquisition of Japanese company Kita Manufacturing Co. LTD.. The deal was worth $15M in cash, with up to $3M in earn out. Kita Manufacturing is a designer and manufacturer of "spring probe contacts", test devices which are used in PCB board testing manufacturers. Cohu said Kita had 2016 sales of approximately $17M.