thumbnail group

Connect With Us:

ME Channels / Newsdesk

Teradyne to Purchase SCPM Product Line


Giga-tronics Incorporated (Nasdaq:GIGA; San Ramon, CA), a leading provider of test and measurement equipment, on March 18 announced that it has entered into an agreement with Teradyne, Inc. (North Reading, MA) in which Giga-tronics agreed to sell to Teradyne its product line known as SCPM for approximately $1 million. The closing of the sale is expected to occur on or about April 1.

The assets that are the subject of the transaction consist of certain intellectual property and proprietary information related to the SCPM product line, remaining inventory and test equipment. Certain proprietary information also will be licensed to Teradyne for use in the SCPM business. The Company will provide training to Teradyne personnel to enable Teradyne to operate the transferred business independently.


Published Date : 3/20/2013

Editor's Picks

Advanced Manufacturing Media - SME
U.S. Office  |  One SME Drive, Dearborn, MI 48128  |  Customer Care: 800.733.4763  |  313.425.3000
Canadian Office  |  7100 Woodbine Avenue, Suite 312, Markham, ON, L3R 5J2  888.322.7333
Tooling U  |   3615 Superior Avenue East, Building 44, 6th Floor, Cleveland, OH 44114  |  866.706.8665