Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Microtest Achieves Over 87% Acceptance Rate In Successful Takeover Of Amsterdam-Listed RoodMicrotec

- Advertisement -

With the recent purchase of Test Inspire in the Netherlands and the acquisition of Italy’s Gedec, the microchip testing conglomerate is significantly advancing its journey of expansion and internationalisation.

Microtest Group has reported a successful outcome for its tender offer on RoodMicrotec N.V.. The uptake of the request, initiated in June, has surpassed 87%, significantly exceeding the required 80% threshold for success. The agreed purchase price per share, as outlined in the Offer Document, was set at EUR 0.35, totalling EUR 28.9 million for the acquisition.

The company is renowned for its expertise in semiconductor and microchip testing services. In 2022, the company achieved sales of EUR 16.5 million, representing a 14% increase compared to the previous year. Additionally, it reported an EBITDA of EUR 3.9 million and continued its impressive performance in the first nine months of 2023, with a growth rate of 10%. It has a history of over 50 years and a presence in the Netherlands, with operations in Deventer and Zwolle. Over time, it has expanded to include offices in Germany, specifically in Nördlingen and Stuttgart, strategically located within the European automotive hub, employing 94 individuals.

- Advertisement -

This marks the third significant acquisition for Microtest within a short period, following the recent purchase of Italy’s Gedec and the Dutch company Test Inspire. This is the company’s first acquisition of a publicly listed entity. It underscores the company’s commitment to an internationalisation strategy and external growth, further fortifying its substantial organic growth. Microtest concluded 2022 with sales totalling EUR 32 million, representing a remarkable 50% year-on-year increase and an EBITDA margin exceeding 38%. Projections anticipate sales of EUR 38 million in 2023.

This transaction establishes the Italian Group, led by entrepreneurs Giuseppe Amelio and Moreno Lupi, with Xenon Private Equity VII as the majority shareholder since 2022, as a significant player in the European microchip and silicon wafer testing sector. It reinforces its presence in critical markets, such as Germany and Northern Europe, home to some of the world’s leading microchip and semiconductor manufacturers. Microtest intends to expedite the company’s growth while preserving its identity and operating structure, actively involving the existing management team in a long-term perspective. Martin Sallenhag and Arvid Ladega, RoodMicrotec’s CEO and CFO, respectively, will retain their positions and join the company’s Board of Directors.

The integration of these two companies will enable a broader customer base to access an extended service portfolio and foster synergistic development for advanced solutions, addressing the increasingly demanding requirements of a rapidly expanding market. According to Gartner, semiconductor sales reached USD 601.7 billion in 2022, compared to USD 595 billion in 2021, with projections indicating a global market worth over USD 1 trillion by 2030 (McKinsey & Company data). Microchips are finding applications in many sectors, ranging from automotive to 5G technologies, medical devices, and aerospace.

This partnership will also facilitate increased investment in research and development, a driving force behind Microtest’s growth. With 28 patents and a focus on high multi-site efficiency, reduced energy consumption, and sustainable cost solutions, approximately 63% of the company’s 200 employees, including 60 recruits in 2022, are engineers in various fields, with an average age of 33. Rothschild & Co acted as financial advisors for Microtest, with AXECO Corporate Finance B.V. as financial advisor for RoodMicrotec. Legal advisors for Microtest included Linklaters LLP, while Bird & Bird served as legal advisors for RoodMicrotec. Deloitte provided financial and tax advisory services for Microtest.

- Advertisement -

Most Popular Articles

Advanced Energy Opens New Facility In Greater Boston

0
Aiming to support local talent and innovation in the Boston tech corridor, Power electronics manufacturer Advanced Energy has opened a new design and service...

Zoho Group CEO Debunks Reports Of Setting up New Silicon Carbide Unit In Odisha

0
According to Vembu, the reports are based out of media speculation because the investment proposal is yet to be approved internally by the company. Hours...

EV Sales In Europe See Steepest Annual Drop Since 2017

0
In August 2024, Europe saw sales of 125,070 electric vehicles (EVs), a 36% year-over-year decrease and the most significant decline since January 2017. Consequently,...

Greaves Electric Mobility Expands Ampere Range With Dealers

0
After receiving government incentive approval, Greaves Electric Mobility invites new dealers to expand its Ampere range, looking for better customer experience and affordability. Greaves Electric...

TSMC Arizona Unit Starts Producing Apple’s Latest A16 SoC Using 5-nm Process

0
Apple A16 chips with 5nm process produced in TSMC Arizona plant are likely to be used in upcoming iPads, and the next generation iPhone...
Sirajuddin Ali, Founder and CEO of Malitra

“We Need Changes In National Building Codes, Along With Stringent Guidelines For Existing Buildings...

0
What are the policy shifts that could drive the expansion of India's EV ecosystem? Sirajuddin Ali, Founder and CEO of Malitra, an EV charging...
Narayan Kumar, Divisional Director - Industrial Devices Division, Panasonic Life Solutions India

“Automotive Is Currently Dominant; Infrastructure, ICT, Factory Automation Poised For Growth” – Narayan Kumar,...

0
In a discussion with EFY, Narayan Kumar, Divisional Director of Panasonic Life Solutions India's Industrial Devices Division (INDD), shared insights on the company's strategy...
Brajendra Singh Tomar CEO and Founder of Finayo

“Leasing Companies Critical For EV Adoption In The B2B Vertical” – Brajendra Singh Tomar,...

0
Why do electric rickshaws outsell L-category electric three-wheelers in rural and semi-rural areas? Is there potential for change? Brajendra Singh Tomar, CEO and Founder...
Naresh Neelakantan Global Nexus

“Cyber attack On A Vehicle Is An Attack On The OEM’s Image” – Naresh...

0
With the ongoing rapid evolution in the automotive arena, are cyberattack threats also increasing? Moreover, are software defined vehicles (SDVs) equipped to counter these...
Pradeep Palelli co-founder and CEO of Thanos Technologies

“Drones Represent High Technology And Are High-Ticket Items” – Pradeep Palelli, Co-Founder and CEO...

0
Three thousand – not a nod to Iron Man's love for his daughter, but the annual production capacity of spraying agri-drones at Thanos Technologies’...

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

Thinker bell’s Self-Learning And Remote-Enabled Braille Literacy Device

0
Bengaluru-based startup Thinkerbell Labs Pvt Ltd was founded by Dilip Ramesh, Sanskriti Dawle, Aman Srivastava, and Saif Shaikh in 2016. For many years, Braille has...

Mukunda Foods: From QSRTo Kitchen Technology Expert

0
Mukunda Foods, originally a QSR, evolved into a kitchen technology expert, simplifying kitchen operations through automation. Established in 2012 by Eshwar K Vikas and Sudeep...

Industry's Buzz

Advanced Energy Opens New Facility In Greater Boston

0
Aiming to support local talent and innovation in the Boston tech corridor, Power electronics manufacturer Advanced Energy has opened a new design and service...

Zoho Group CEO Debunks Reports Of Setting up New Silicon Carbide Unit In Odisha

0
According to Vembu, the reports are based out of media speculation because the investment proposal is yet to be approved internally by the company. Hours...

EV Sales In Europe See Steepest Annual Drop Since 2017

0
In August 2024, Europe saw sales of 125,070 electric vehicles (EVs), a 36% year-over-year decrease and the most significant decline since January 2017. Consequently,...

Greaves Electric Mobility Expands Ampere Range With Dealers

0
After receiving government incentive approval, Greaves Electric Mobility invites new dealers to expand its Ampere range, looking for better customer experience and affordability. Greaves Electric...

TSMC Arizona Unit Starts Producing Apple’s Latest A16 SoC Using 5-nm Process

0
Apple A16 chips with 5nm process produced in TSMC Arizona plant are likely to be used in upcoming iPads, and the next generation iPhone...

Learn From Leaders

Sirajuddin Ali, Founder and CEO of Malitra

“We Need Changes In National Building Codes, Along With Stringent Guidelines For Existing Buildings...

0
What are the policy shifts that could drive the expansion of India's EV ecosystem? Sirajuddin Ali, Founder and CEO of Malitra, an EV charging...
Narayan Kumar, Divisional Director - Industrial Devices Division, Panasonic Life Solutions India

“Automotive Is Currently Dominant; Infrastructure, ICT, Factory Automation Poised For Growth” – Narayan Kumar,...

0
In a discussion with EFY, Narayan Kumar, Divisional Director of Panasonic Life Solutions India's Industrial Devices Division (INDD), shared insights on the company's strategy...
Brajendra Singh Tomar CEO and Founder of Finayo

“Leasing Companies Critical For EV Adoption In The B2B Vertical” – Brajendra Singh Tomar,...

0
Why do electric rickshaws outsell L-category electric three-wheelers in rural and semi-rural areas? Is there potential for change? Brajendra Singh Tomar, CEO and Founder...
Naresh Neelakantan Global Nexus

“Cyber attack On A Vehicle Is An Attack On The OEM’s Image” – Naresh...

0
With the ongoing rapid evolution in the automotive arena, are cyberattack threats also increasing? Moreover, are software defined vehicles (SDVs) equipped to counter these...
Pradeep Palelli co-founder and CEO of Thanos Technologies

“Drones Represent High Technology And Are High-Ticket Items” – Pradeep Palelli, Co-Founder and CEO...

0
Three thousand – not a nod to Iron Man's love for his daughter, but the annual production capacity of spraying agri-drones at Thanos Technologies’...

Startups

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

Thinker bell’s Self-Learning And Remote-Enabled Braille Literacy Device

0
Bengaluru-based startup Thinkerbell Labs Pvt Ltd was founded by Dilip Ramesh, Sanskriti Dawle, Aman Srivastava, and Saif Shaikh in 2016. For many years, Braille has...

Mukunda Foods: From QSRTo Kitchen Technology Expert

0
Mukunda Foods, originally a QSR, evolved into a kitchen technology expert, simplifying kitchen operations through automation. Established in 2012 by Eshwar K Vikas and Sudeep...