Chinese Fund Neng Yang Acquires Israeli Dicing Equipment Company ADT
Chinese fund Neng Yang has acquired Israel-based electronics dicing equipment company Advanced Dicing Technologies Ltd. (ADT) for an estimated sum of $35 million.
Based in northern Israeli town Yokneam, ADT develops and produces blades and machinery for the dicing of silicon-based integrated circuits, package singulation, and hard material microelectronic components. The company, which employs around 100 people worldwide, was founded in 2003 by a group of private investors who bought the dicing equipment and blade divisions of Singapore-based semiconductor company Kulicke and Soffa Industries Inc.
Tel Aviv-based law firm Barnea Jaffa Lande & Co. represented Neng Yang in the deal. ADT was represented by Be’er Sheva-based law firm Tulchinsky Stern Marciano Cohen Levitski & Co.