Xenon Private Equity's Microtest eyes expansion in the US

Microtest, an Italian company specializing in semiconductor testing equipment and 60% controlled by Xenon Private Equity (see BeBeez article), is now eyeing expansion into the United States.

Xenon Private Equity's Microtest eyes expansion in the US

The Lucca-based group has received approval from the U.S. government to acquire Focused Test, a firm specializing in testing silicon carbide (SiC) and gallium nitride (GaN) microchips, with operations in Boulder (U.S.) and Cabuyao (Philippines). Microtest was supported in the acquisition by Deloitte (financial and tax due diligence) and Pavia e Ansaldo (legal aspects). Founded in August 2006, Focused Test has more than 25 years of experience in the U.S. market, focusing on the design of production testers for discrete power devices and power management integrated circuits. The company achieved $3 million in revenue in 2023 and employs 15 people.

Focused Test Chairman's comment

Peter Hancock, President of Focused Test, commented: "We are excited to join the Microtest group, a company that shares our goals and innovative approach. With Microtest, we can continue to shape our projects in a strong and growing environment. Our corporate cultures align, and we look forward to working with the entire team to bring new expertise on board and offer the group a privileged entry point into the U.S. market."