Cautious Cohu Buys German Rival

Bruce V. Bigelow12/8/08

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 is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788