CRUMLIN, Wales Unisem has completed the purchase of Atlantic Technology a contract semiconductor assembly and test facility.
Malaysia based Unisem is a leading independent subcontract IC packaging and test house, providing turnkey solutions and having the capability for test development probe, wafer thinning, packaging and final testing of IC’s The deal clears the way for the South Wales operation to build on its position as one of Europe’s leading semiconductor test and packaging facilities.
Unisem has acquired Atlantic from its management and a consortium of investors including Finance Wales, a risk capital provider of investment and loan facilities to SMEs and Bank of Scotland Corporate.
Atlantic currently employs 250 people, and will give Unisem, which has a workforce of over 4,000, a European presence, access to Atlantic’s range of services in mixed signal and RF applications and the ongoing involvement of its management and workforce.
Atlantic Technology UK was formed in 1997 following a management buyout. Finance Wales invested in the business in 2002 and is exiting at a premium. According to Gary Partridge, Equity Fund Director at Finance Wales, the takeover represents the completion of the process of securing Crumlin’s long term future,
Unisem says it will continue to invest in new manufacturing and test technology at Crumlin and anticipates creating a number of new jobs over the medium term.
Atlantic’s facilities at Crumlin in South Wales have a total area of 130,000 sq. ft, including 59,000 sq. ft of production area and a 17,850 sq. ft class 1k clean room.