List of 67 Massachusetts-based Test/Measurement Equipment Companies

Name	Sector	Revenue $mlns	M&A Activity			Last 5 Years
Name	Sector	Revenue $mlns	Total	Buy	Sell	Last 5 Years
Thermo Fisher Scientific NYSE : TMO Waltham, Massachusetts, United States website	Test/Measurement Equipment	42,857	70	62	8
Bruker NASDAQ : BRKR Billerica, Massachusetts, United States website	Test/Measurement Equipment	2,965	47	47	-
Teradyne NASDAQ : TER North Reading, Massachusetts, United States website	Test/Measurement Equipment	2,676	14	12	2
Waters NYSE : WAT Milford, Massachusetts, United States website	Test/Measurement Equipment	2,956	11	11	-
Cognex NASDAQ : CGNX Natick, Massachusetts, United States website	Test/Measurement Equipment	838	12	10	2
MKS Instruments NASDAQ : MKSI Andover, Massachusetts, United States website	Test/Measurement Equipment	3,622	12	10	2
KPM Analytics PE Backed Union Park Capital 2015-01-01 Westborough, Massachusetts, United States website	Test/Measurement Equipment	-	9	9	-
Nova Instruments PE Backed Battery Ventures 2010-02-02 Woburn, Massachusetts, United States website	Test/Measurement Equipment	-	6	6	-
Xcerra Acquired Cohu 2018-05-08 $627M Norwood, Massachusetts, United States website	Test/Measurement Equipment	391	7	4	3
Implant Sciences Corp. Acquired L-3 Communications 2016-10-10 $117.5M Wilmington, Massachusetts, United States website	Test/Measurement Equipment	13	5	4	1
Arbor Networks, Inc. Acquired Tektronix Communications 2010-08-09 Chelmsford, Massachusetts, United States website	Test/Measurement Equipment	-	2	2	-
Dynasil Public Newton, Massachusetts, United States website	Test/Measurement Equipment	44	4	2	2
Advanced Instruments PE Backed Patricia Industries HarbourVest Partners 2020-09-28 $780M Norwood, Massachusetts, United States website	Test/Measurement Equipment	-	2	2	-
Spectro Scientific, Inc. Acquired AMETEK 2018-11-27 $190M Chelmsford, Massachusetts, United States website	Test/Measurement Equipment	50	2	2	-
American Science & Engineering, Inc. Acquired OSI Systems 2016-06-21 $187M Billerica, Massachusetts, United States website	Test/Measurement Equipment	103	1	1	-
Bruker Energy and Supercon Technologies, Inc. Private Billerica, Massachusetts, United States website	Test/Measurement Equipment	-	1	1	-

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