Integra Technologies has purchased Presto Engineering's US-based test assets. Integra and Presto have been working together over the last few years at Integra's Silicon Valley facility to service customers in high-speed RF testing and reliability up to 67 GHz. Recently, Presto has decided to focus its capital investments on test and back-end services for Europe and worldwide ASIC semiconductor services, giving Integra the opportunity to provide continuity of services to its US-based, test production customers. In doing so, Integra has purchased Presto's equipment, hired some of its staff and acquired Presto's US-based customers.
Michel Villemain, CEO, Presto Engineering, said that they are experiencing a high demand for ASIC design as well as new product industrialization and ramp production in Europe. This move of focusing their efforts and investments will enable them to support this growing customer demand.
"We are pleased to finalize this purchase from our partner, Presto," said Brett Robinson, CEO of Integra. "The testers, customers and employees make a great addition to our facility in Silicon Valley."
Joe Foerstel, Integra's VP of Test in Silicon Valley, added, "The transition has been seamless for our customers and our new employees. We are grateful to Presto and our new employees for their hard work and flexibility during the transition."
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