Advantest and Verigy have entered into a definitive agreement under which Advantest will acquire all outstanding Verigy ordinary shares for US$15.00 per share in cash. The total acquisition price will be approximately US$1.1 billion. Founded in Tokyo in 1954, Advantest established its first subsidiary in 1982, in the USA, and now has subsidiaries worldwide.

Verigy provides semiconductor test systems and solutions. Verigy is the former test equipment segment of Agilent, the spin-off was in 2006. The yearly revenue of Advantest is about 1.07 billion US$, the sum for Verigy is approx. 539 million US$. Advantest has 3151 employees and Verigy has approx. 1465 employees.

At the same time Verigy terminated his merger agreement with LTX-Credence. Verigy paid LTX-Credence the $15,000,000 termination fee payable under the merger agreement.