News Article
BSE Tech to service front end
BSE Group forms BSE Tech for front end semiconductor secondary equipment market
–Boston Semi Equipment LLC announced that it has acquired the assets of Asia Tech Corporation in order to launch its newest company, BSE Tech LLC (BSE Tech). BSE Tech delivers a comprehensive portfolio of pre-owned front end semiconductor manufacturing equipment and spare parts, technical capabilities and financial solutions. This combination allows it to facilitate the lease, sale, repositioning and servicing of all makes and models of new and pre-owned front end semiconductor equipment worldwide.
“BSE Tech builds on Asia Tech’s established business to expand our position in the front end equipment market,” said Doug Elder, CEO and President of BSE Group. “Combining these new assets with our OEM remarketing and partnership agreements makes us highly competitive. Further, BSE Group’s financial backing gives BSE Tech the ability to own its own equipment and the purchasing power to acquire new tools, which is a key differentiator in this market.”
BSE Tech has signed a long-term lease for a 75,000 square foot facility in Tempe, Ariz. that doubles the former footprint of Asia Tech. The new location will also house a new 15,000 square foot cleanroom that is currently under construction. Asia Tech’s president, Francis Colligan, will join BSE Tech in the role of vice president. All employees of Asia Tech are now part of BSE Tech.
“With our BSE Tech and Test Advantage Hardware companies, BSE Group is well positioned in the semiconductor industry with strong front end and back end equipment and solutions,” said Colin Scholefield, Executive Vice President of BSE Group. “Additionally, both companies deliver our flexible equipment and financing model, which was introduced last year when we acquired Test Advantage Hardware. Over the past six months with this business model, our company has experienced strong growth. We have already closed several transactions in the front end equipment market and have every expectation that BSE Tech will see rapid expansion in this market.”
