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Notice Regarding the consolidated subsidiaries to merge operations
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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.
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1. Objective of Merger |
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| 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. |
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2. Structural Overview |
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Existing Structure |
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| AFI : |
leasing and rental services |
| ERC : |
used equipment sales |
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Post-Merger Structure (from October 1, 2010) |
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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. |
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Post-Merger Overview of AFI |
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Head office |
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1-6-2 Marunouchi, Chiyoda-ku, Tokyo |
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Business |
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1. |
Retrofitting, sales, installation, maintenance, and rental of automatic test equipment, semiconductor manufacturing equipment, electronic measuring instruments, and related products |
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2. |
Leasing of above |
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3. |
Factoring services |
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4. |
Financing services |
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5. |
Sales of used automatic test equipment, semiconductor manufacturing equipment, electronic measuring instruments, and related products |
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Other business related to the above |
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Capital |
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1 billion yen |
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Directors |
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| Yoshio Endo |
President, Representative Director |
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| Kenji Kobayashi |
Managing Director |
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| Hiroyasu Sawai |
Director (Director, Managing Executive Officer, and Senior Vice President, Sales and Marketing Group of Advantest Corporation) |
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| Hiroshi Nakamura |
Director (Managing Executive Officer, Senior Vice President, Corporate Administration Group of Advantest Corporation) |
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| Seokgyoon Choi |
Auditor (Manager, Group Accounting Section of Advantest Corporation) |
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| Note: |
All information supplied in this release is correct at the time of publication, but may be subject to change without warning. |
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Advantest Corporation is the world's leading automatic test equipment supplier to the semiconductor industry, and also produces electronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers and device handlers are integrated into the most advanced semiconductor production lines in the world. Founded in Tokyo in 1954, Advantest established its first subsidiary in 1982, in the USA, and now has subsidiaries worldwide. Among them, Advantest America, Inc. is based in Santa Clara, CA., Advantest Europe GmbH is based in Munich, Germany, and Advantest Taiwan Inc. is based in Hsinchu, Taiwan.
More information is available at http://www.advantest.co.jp/en-index.shtml. |
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