Ametek acquires test and measurement manufacturer
Ametek has acquired the Teseq Group, a Swiss-based test and measurement instrumentation manufacturer, for $92 million.
Ametek Inc. has acquired the Teseq Group, a manufacturer of test and measurement instrumentation for electromagnetic compatibility (EMC) testing, for CHF 83 million ($92 million). Headquartered in Luterbach, Switzerland, the privately held company 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 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.
Teseq will join AMETEK as part of its Electronic Instruments Group (EIG).
- Edited by CFE Media. See more Control Engineering system integrator stories.
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
- Survey Prize Winners
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey