PTSL raises $30m

Probe Test Solutions Ltd (PTSL) of Glasgow, the supplier of advanced ATE test hardware, has closed a $30m investment from Tikehau Capital.

Additionally, four semiconductor industry executives, Jalal Bagherli (pictured) Mark Tyndall, Alex McCann, and Jacky McNulty, together with Corinne Philipps from Tikehau Capital, are joining the board, with Jalal Bagherli appointed as chairman.

Tikehau’s investment is part of its pan-European growth impact private equity strategy which provides partnership capital to high growth, purpose-led companies that are critical to the resilience of the European economy.

Through this partnership, Tikehau  will provide PTSL with the operational and strategic support needed to accelerate further international expansion, including appropriate acquisitions.

“The investment will enable PTSL to accelerate its innovative advanced technology roadmap, positioning the company ahead of ATE industry trends and strengthening our ability to make significant Capex investments to support our planned growth,” says PSTL CEO Jordan Mackellar.

“PTSL is an opportunity that comes along ever so rarely,” says Bagherli “it has an incredibly talented team who are determined to continue their growth and market share gains in the ATE industry while creating new job opportunities in Scotland and beyond.”