Advantest Acquires Shin Puu

Shin Puu, which has 264 employees and 16,913㎡ total floor area of production space, is a supplier of printed circuit boards (PCBs) that manufactures and assembles PCBs, key components used in electronics, in Taiwan, a global hub of the electronics industry.

Advantest acquired US-based R&D Altanova, a leading supplier of consumable test interface boards, substrates and interconnects for high-end applications, in 2021. By combining R&D Altanova’s high-performance, high-density PCB design technology with Shin Puu’s manufacturing capabilities, the company will expand its manufacturing footprint for high-end test boards in the Asia region, enhancing Advantest’s ability to provide turnkey solutions to our customers.

Advantest President and Group CEO Yoshiaki Yoshida commented, “The acquisition of Shin Puu is part of our medium- to long-term growth strategy to expand our test and measurement solutions across the continuously evolving semiconductor value chain. Shin Puu’s engineering and manufacturing capabilities strongly complement R&D Altanova’s high-end test board design technology, and we expect that this will accelerate the growth of our device interface business. In addition to expanding our manufacturing capabilities for high-end test boards, we believe this will enable us to strengthen our customer base in the Asian region, strengthen our recurring business, and help diversify and stabilize our revenue base.”

Shin Puu, headquartered in Taiwan, will become a wholly owned subsidiary of Advantest’s US subsidiary. The closing of the transaction is tied to regulatory approvals.

The financial advisor on this acquisition was Houlihan Lokey Advisors, LLC, and the legal advisor was Tsar & Tsai Law Firm.