Ametek to acquire the Tesq Group for $92 million
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Headquartered in Luterbach, Switzerland, the privately held company has annual sales of approximately CHF 48 million ($53 million).
Teseq manufactures a broad line of conducted and radiated EMC compliance testing systems and RF amplifiers for a wide range of industries, including aerospace, automotive, consumer electronics, medical equipment, telecommunications and transportation.
“Teseq’s products and markets are complementary with our EM Test business, which we acquired in 2011. Its addition to that business provides us with opportunities for accelerating product innovation and market expansion worldwide,” commented Frank S. Hermance, Ametek Chairman and Chief Executive Officer.
Teseq has manufacturing and development operations in Luterbach as well as Germany, the United Kingdom and the United States with direct sales offices in China, France, Germany, Japan, Singapore, Switzerland, Taiwan, the United Kingdom and the United States.
It joins Ametek as part of its Electronic Instruments Group (EIG), a leader in advanced monitoring, testing, calibrating, and display instruments with 2012 sales of $1.9 billion.
Visit Ametek at www.ametek.com
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