PRESS RELEASE
Interconnect Devices, Inc. Purchases
Antares Advanced Test Technologies Package Test Assets
Vancouver, WA April 10, 2009 - Interconnect Devices, Inc. (IDI) has completed the acquisition of Antares Advanced Test Technologies’ package test assets. The transaction closed on April 3, 2009.
IDI President and CEO, Mike Kirkman adds, “IDI welcomes the technology and talented staff of Antares’ Package Test group to our growing corporation.” Kirkman concludes, “We have taken extensive measures to ensure that our agreement will allow us to provide a seamless transition to Antares’ customers. The addition of the Antares product line combined with the manufacturing facilities in Suzhou, China and Gilbert, AZ will allow the combined company to provide our customers with even greater depth of technological advancement while continuing our legacy of superior product performance and customer service.”
Geoff Veale of Milestone Partners, IDI’s majority shareowner, stated, “The strength of the combined company’s product offering will provide exciting growth opportunities for IDI in the future. We are excited that Antares has decided to join the IDI platform.”
Matt Bergeron, Antares CEO said, “We have long believed that scale is a very important aspect of this business and will continue to become more important in the future. The combination of IDI with our Package Test Group will enhance the industry leading position that we both enjoy and will provide excellent service and products to our customers.”
IDI will continue to use the ‘Antares’ name to describe the Package Test product line, while Antares Advance Test Technologies will become WELLS-CTI. WELLS-CTI will continue to provide burn-in sockets, thermal solutions, change kits, and receptacles to its valued customers out of its California, Arizona and Japan locations.
About WELLS-CTI - With renewed commitment to customer service, quality and technical superiority WELLS-CTI and its DB Design subsidiary are the leading supplier of innovative thermal and interconnect solutions including sockets, carriers, change kits, receptacles and custom-designed equipment. Founded in 1948, WELLS-CTI has sales offices in North America, Europe and Asia and R&D and manufacturing in the United States and Japan. Additional information about WELLS-CTI and DB Design can be found at http://www.wellscti.com.
About Interconnect Devices, Inc. Interconnect Devices, Inc. is a leading provider of spring contact probe based technologies, including custom connectors and advanced semiconductor test sockets. Founded in 1979, IDI was acquired in 2007 by an investment group led by Milestone Partners, along with Quilvest USA, Madison Capital Funding, and Hancock Capital Management. IDI connectors can be found in a variety of applications within the military, aerospace, medical and industrial markets and its spring contact probe connectors are renowned for their performance in high reliability, fail-safe applications. IDI continues to lead innovation in the semiconductor test industry today with its Synergetix Test Socket designs that were also the first semiconductor test sockets to use spring contact probe technology. Additional information can be found at www.idinet.com.
For more information, contact Susan Campbell
360.433.6236
susan.campbell@wellscti.com