Cautious Cohu Buys German Rival

Warren Buffet is buying, and so is Cohu (NASDAQ: COHU). The San Diego maker of test handling equipment used by semiconductor manufacturers says it is paying $80 million in cash to buy Rasco GmbH of Munich, Germany, from Dover Corp. The company’s statement quotes Cohu CEO James Donahue as saying, “The transaction significantly expands Cohu’s served market in an industry that we understand very well.”

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

Trending on Xconomy