inTEST Corporation Acquires Videology Imaging Solutions
October 29, 2021
inTEST Corporation acquired substantially all assets of Videology Imaging Solutions Inc. and Videology Imaging Solutions Europe B.V. for $12.0 million in cash. The acquisition expands inTEST's process technology and automation capabilities—broadening its presence in life sciences, industrial and international markets—and is expected to be approximately $0.05 accretive to diluted EPS in the first year.
- Buyers
- inTEST Corporation
- Targets
- Videology Imaging Solutions (Inc. and Europe B.V.)
- Sellers
- Videology Imaging Solutions Inc., Videology Imaging Solutions Europe B.V.
- Industry
- Manufacturing
- Location
- Rhode Island, United States
- Transaction Type
- Buyout
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