Teseq Group, EMC test specialists, sold to Ametek for $92 million
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.
Ametek is a US-based, worldwide maker of electronic instruments and electromechanical devices with annualised sales of $3.5 billion; other instrumentation brands in the group include Lloyd Instruments and Solartron Metrology.
“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.
Ametek; www.ametek.com
Teseq; www.teseq.co.uk
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