© alexandr malyshev dreamstime.com Electronics Production | January 06, 2014
Ametek acquires Teseq Group
Ametek has acquired 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 has annual sales of approximately CHF 48 million ($53 million). "Teseq is an excellent addition to our electrical test and measurement business. It is a global leader in conducted and radiated EMC test equipment with a comprehensive product offering and extensive geographic coverage," comments Frank S. Hermance, Ametek Chairman and Chief Executive Officer. "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," adds Mr. Hermance. 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.