Steinhausen, Switzerland: CMTec AG and Somerset ATE Solutions, a division of Somerset Capital Group, join forces to leverage their respective expertise in back-end equipment technical support and financial services for the semiconductor assembly and test equipment market.
CMTec and Somerset ATE Solutions each serve the semiconductor industry with high-quality refurbished equipment and a wide range of services and support. By taking advantage of Somerset Capital Group’s extensive financial products, the two companies will be able to help reduce risk, preserve capital, and enable continued growth and investment.
“Somerset’s financial expertise allows us to provide our customer base with comprehensive leasing solutions, minimizing risk and enabling capacity bridge solutions,” said Joseph Bubel, GM for CMTec. “With many customers experiencing critical supply chain issues during these turbulent times, the ability to provide flexible rental and leasing programs strengthens our customers’ operations.”
Craig Staub, GM for Somerset ATE Solutions, commented, “Together, we can provide our customers a range of capital preservation options on a wide range of equipment, including operational leases, which lowers monthly spends and uses operating budgets, and a sale-lease-back option that reimburses capital for previously purchased equipment.” He noted, “These financial products can also be applied to a broad range of equipment, from wire bonders and die attach to ATE and ATE peripherals.”
CMTec is a premier, value-added reseller of assembly equipment, primarily focused on complete sales and service for wire bonders, die attach, wafer processing and inspection tools.
Somerset ATE is a division of Somerset Capital, an equipment finance company, currently managing a $1.3B portfolio of equipment in IT, airport ground support, heavy machinery, medical and semiconductor market segments. The ATE group provides leasing, sales and service for high end, current generation, automated test equipment.