Technoprobe, $50 million binding offer for Harbor Electronics

Technoprobe has submitted a binding offer to acquire Harbor Electronics, which specializes in the production of advanced printed circuit boards for the testing market, from Shenzhen-based Fastprint Circuit Tech.

Under the terms of the offer, which includes a 30-day exclusivity period, Technoprobe will pay about $50 million net of any adjustments related to changes in the acquired company's cash holdings, a note says.

In 2022, Harbor Electronics reported revenues of about $52 million, EBITDA of about 16 percent, and a net financial position of about $5 million.

As a result of the acquisition, Technoprobe will further strengthen its technological expertise in testing by vertically integrating its manufacturing process through in-house production of advanced printed circuit boards for its probe cards and Final Test Boards.

(Gianluca Semeraro, editing Sabina Suzzi)