News News

Mon Aug 23 00:00:00 GMT 2010 Topics

Advantest has announced an operational merger between its wholly owned subsidiaries Advantest Finance Inc. (AFI) and Electronics Retrofit Corporation (ERC). Advantest expects to finalize this merger on October 1, 2010. The name of the merged entity will be Advantest Finance Inc.

1. Objective of Merger

The objective of the merger is to reinforce synergies between the leasing and rental business of AFI and the used equipment sales business of ERC, to facilitate global expansion of both businesses, and to provide enhanced satisfaction to Advantest Group customers worldwide.

2. Structural Overview

Existing Structure

AFI : leasing and rental services
ERC : used equipment sales

Post-Merger Structure (from October 1, 2010)

AFI will provide used equipment sales and leasing and rental services within a unified structure. AFI will assume all the assets and liabilities of ERC.

Post-Merger Overview of AFI

Head office

1-6-2 Marunouchi, Chiyoda-ku, Tokyo

Business
  1. Retrofitting, sales, installation, maintenance, and rental of automatic test equipment, semiconductor manufacturing equipment, electronic measuring instruments, and related products
  2. Leasing of above
  3. Factoring services
  4. Financing services
  5. Sales of used automatic test equipment, semiconductor manufacturing equipment, electronic measuring instruments, and related products
  6. Other business related to the above
Capital

1 billion yen

Directors
Yoshio Endo President, Representative Director
Kenji Kobayashi Managing Director
Hiroyasu Sawai Director (Director, Managing Executive Officer, and Senior Vice President, Sales and Marketing Group of Advantest Corporation)
Hiroshi Nakamura Director (Managing Executive Officer, Senior Vice President, Corporate Administration Group of Advantest Corporation)
Seokgyoon Choi Auditor (Manager, Group Accounting Section of Advantest Corporation)

Note: All information supplied in this release is correct at the time of publication, but may be subject to change without warning.