Teradyne, Inc. acquires enabling technology
Feb 26, 2007
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.