Averna acquires Test & Measurement Solutions
March 14, 2016 by Manufacturing AUTOMATION
Mar. 14, 2016 – Averna, a developer of test solutions and services for communications and electronics device-makers worldwide, announced today that it has acquired 100 per cent of Test & Measurement Solutions for an undisclosed amount.
Averna’s main shareholders, Tandem Expansion and Caisse de dépôt et placement du Québec (CDPQ), both participated in the financing of this acquisition. CDPQ says this investment is “consistent with its objective to further the international expansion of high-performing Quebec companies.”
T&M Solutions develops multidisciplinary solutions to test, measure, inspect, assemble and validate products in various segments of the production industry. Headquartered in Belgium and with offices in the Netherlands and Poland, T&M Solutions is a National Instruments Gold Alliance Partner and has 100 employees, including 70 engineers with almost 50 NI certifications.
This acquisition aims to increase Averna’s global reach as well as provide a “strong local presence in Europe, enabling Averna to enter this market while giving it a springboard for further European deployments.” In addition, T&M Solutions brings “unique expertise” in semiconductor testing, vision inspection systems and precision assembly to complement Averna’s “existing solutions and industry strengths.”
“This major expansion into Europe signals Averna’s strategic positioning to accelerate growth and become a truly global Test Engineering powerhouse. Test & Measurement Solutions and Averna share complementary solution portfolios, clients and partners, so this is a real win-win arrangement for everyone,” said François Rainville, vice-president of sales and marketing for Averna. “We are proud to welcome T&M Solutions’ customers and employees while providing all our customers with additional expertise and increased worldwide presence.”
“This transaction creates a unique strategic opportunity as we combine T&M Solutions’ mature European presence and respected expertise with Averna’s expansive global footprint and renowned products and solution delivery capabilities,” said Kurt Hensen, CEO of T&M Solutions. “As part of Averna, our portfolio will deliver even greater value as we remain focused on our strengths and customers.”