Cascade Microtech Inc. (NasdaqGM:CSCD) acquired the assets of the reliability test equipment business from Aetrium Inc. (NasdaqCM:ATRM) for $3.3 million in cash on July 31, 2013. Under the transaction, the consideration consists of $1.91 million paid in cash at closing (which amount included a base purchase price of $1.75 million plus a $0.16 million working capital adjustment), $0.3 million paid in cash on the first anniversary of the closing date, $0.2 million paid in cash on the eighteen month anniversary of the closing date and up to an additional $1 million paid in cash upon the satisfaction of certain post-closing revenue milestones based on the performance of the transferred business during the period commencing August 1, 2013 and ending April 30, 2014. As part of the transaction, Cascade has also agreed to assume certain liabilities related to the transferred business. David S. Matheson of Perkins Coie LLP and Thomas R. Marek of Oppenheimer Wolff & Donnelly LLP acted as legal advisors to Cascade Microtech and Aetrium respectively. Delancey Street Partners, LLC acted as the financial advisor to Aetrium.

Cascade Microtech Inc. (NasdaqGM:CSCD) completed the acquisition of the assets of the reliability test equipment business from Aetrium Inc. (NasdaqCM:ATRM) on July 31, 2013.