AMETEK acquires Teseq Group
AMETEK Inc. has acquired the Teseq Group, a leading manufacturer of test and measurement instrumentation for electromagnetic compatibility (EMC) testing, for $92 million. Headquartered in Luterbach, Switzerland, the privately held company has annual sales of approximately $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 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,” commented Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
He added, “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.”
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).