Teradyne, Inc., (NYSE: TER) announced the signing of a definitive agreement with MOSAID Technologies, Inc. of Ottawa, Canada to acquire enabling test technology. The transaction is expected to close in March, 2007 and Teradyne expects to immediately expense a substantial portion of the $17 million (US) purchase price to in-process research and development. A small number of MOSAID employees are also expected to join Teradyne when the transaction is complete.
About Teradyne, Inc.
Teradyne (NYSE:TER) is a leading supplier of Automatic Test Equipment used to test complex electronics used in the consumer electronics, automotive, computing, telecommunications, and aerospace and defense industries. In 2006, Teradyne had sales of $1.38 billion, and currently employs about 3,800 people worldwide. Teradyne (R) is a registered trademark of Teradyne, Inc. in the U.S. and other countries.