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Cohu Closes Sale of PCB Test Business to Mycronic

June 25, 2021 |Mergers & Acquisitions

Cohu completed the $125.4 million sale of its printed circuit board test business to Swedish PCB assembly company Mycronic, said the seller Thursday. It plans to use the cash proceeds to pay down about $100 million in debt, it said. Cohu announced the sale in May.