Macquarie Electronics Announces Exclusive Agreement with MVTS Technologies to Remarket ATE

Macquarie Electronics Announces Exclusive Agreement with MVTS Technologies to Remarket ATE
SAN DIEGO, NOVEMBER 10, 2010 — Macquarie Electronics, a member of the Macquarie Group, announced today that it has entered into an exclusive agreement with MVTS Technologies (MVTS) to utilize […]

SAN DIEGO, NOVEMBER 10, 2010 — Macquarie Electronics, a member of the Macquarie Group, announced today that it has entered into an exclusive agreement with MVTS Technologies (MVTS) to utilize MVTS’ full range of services to remarket selected automated test equipment (ATE) inventory. Under the arrangement, MVTS will provide Macquarie Electronics with global sales, marketing, operations and support services, and Macquarie Electronics will provide selected inventory to the program.

“This agreement with MVTS enables Macquarie to offer a turnkey full service platform to our clients,” said David Coons, President of Macquarie Electronics.  “MVTS is recognized as the premier refurbished back-end provider and in combination with Macquarie’s significant financial solutions portfolio and ATE inventory, we have created a unique opportunity in this market.”

Ron Maassen, CEO of MVTS, said, “Macquarie and MVTS are leaders in their respective markets and have both acquired a reputation for quality, a strong global network and flexibility. Working together we will provide our customers with unparalleled sales and services, and offer a larger range of products and financial solutions to build a foundation for further growth.”

About Macquarie Electronics / Macquarie Group
Macquarie Electronics, a member of Macquarie Group, provides global asset management services to the Semiconductor industry including operating lease financing, buying and selling of second hand assets, and remarketing surplus equipment. Macquarie Group is a diversified international provider of banking, financial, leasing and advisory and investment services. Macquarie has assets under management of approximately $307 billion and operates in more than 70 locations across 28 countries (as of September 30, 2010).

About MVTS Technologies
MVTS Technologies is a leading provider of value-added refurbished automatic test equipment (ATE), tester upgrades, spare parts, repairs and services to the semiconductor industry. MVTS also provides outsource support and services to the ATE original equipment manufacturers (OEM) and other electronics manufacturers. Founded in 1994, MVTS is a global organization with a presence in 13 countries and is headquartered in Carlsbad, California. More information is available at www.mvts.com

For further information, please contact:

Brian Rosa
Macquarie Electronics
Tel: +1 (858) 207 1093
Email: Brian.Rosa@macquarie.com

Rohini Pragasam
Macquarie Group
Corporate Communications
Email: Rohini.Pragasam@macquarie.com

Ross Martindale
MVTS Technologies
Phone: +1 (760) 930 8950
Email: Ross.Martindale@mvts.com