Boston Semi Equipment (BSE) and Somerset Capital Group (Somerset) jointly announced that Somerset will begin originating leases and remarketing Automated Test Equipment directly to the semiconductor market through its subsidiary, Somerset ATE Solutions.

Through their long-standing relationship, Somerset and BSE have leveraged BSE’s customer relationships within the semiconductor industry to develop an industry-leading portfolio of current generation Automated Test Equipment (ATE) owned and financed by Somerset. Somerset will now begin interfacing directly with these clients to continue its expansion of their position within the industry.

“BSE’s core semiconductor equipment businesses of test cell automation products, equipment service offerings and ATE products have positioned the company as an OEM of semiconductor equipment and related services,” commented Bryan Banish, Boston Semi Equipment President and CEO. “This is a good time for us to transition the leasing and remarketing of current-generation ATE to Somerset to enable BSE to focus on, and continue to expand, our test cell automation equipment and services.”

“We are excited about the opportunities that the additional focus and the integration of the ATE equipment leasing and remarketing business will bring to our organization to enhance our position in the semiconductor segment,” stated Evan Bokor, Somerset’s President and CEO. “It is our expectation that Somerset ATE Solutions will afford our clientele in the semiconductor segment access to a broad range of equipment solutions and flexible financing to meet their evolving needs.”

BSE’s activities of selling and servicing of legacy ATE products remain unchanged. Somerset’s worldwide sales team will provide the continuity of support for existing leasing customers. Leasing customers will not need to make any changes in connection with this transition as Somerset will continue to manage all aspects of lease invoicing and payment processing.