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, one person familiar with the matter who spoke on condition of anonymity told Calcalist.

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.