Probe Test Solutions Ltd (PTSL) has closed a $30m investment from Tikehau Capital.
The Glasgow-based automatic test equipment (ATE) solution provider will also partner with the alternative asset manager for operational and strategic support for its international expansion plans, including appropriate acquisitions in the ongoing consolidation of the semiconductor market.
Additionally, four semiconductor industry executives - Jalal Bagherli, Mark Tyndall, Alex McCann and Jacky McNulty - together with Corinne Philipps from Tikehau, are joining the board, with Bagherli appointed as chair.
The investment is made via Tikehau's pan-European growth impact private equity strategy.
Jordan Mackellar, chief executive of PTSL, said: "This is a massive vote of confidence in the company, our people and the strategy.
"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.
"Having worked very closely with Jalal, Mark, Alex, and Jacky for some months to refine our strategic path forward, including raising this investment, I am proud to now have them as board members, together with Corinne from Tikehau Capital."
Bagherli added: "PTSL is an opportunity that comes along ever so rarely - 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."
PTSL was founded in 2009, designing and manufacturing probe cards for the global semiconductor industry.
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