Formfactor, inc. (nasdaqgs:form) acquired fries research & technology gmbh for €30 million.

Formfactor, inc. (nasdaqgs:form) acquired fries research & technology gmbh for €30 million on october 9, 2019. the consideration includes €10.3 million of additional amount may be payable subject to performance of fries research & technology in 2020. post-completion, thomas fries, chief executive officer of fries research & technology will join formfactor along with his team. the transaction is expected to be immediately accretive to earnings on a non-gaap basis. straightward holding gmbh acted as an advisor for fries research & technology. formfactor, inc. (nasdaqgs:form) completed the acquisition of fries research & technology gmbh on october 9, 2019.
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