List of 21 Minnesota-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
Pace PE Backed Leonard Green & Partners 2022-01-11 Minneapolis, Minnesota, United States website	Test/Measurement Equipment	-	10	9	1
MTS Systems Corp. Acquired Amphenol 2020-12-09 $1.7B Eden Prairie, Minnesota, United States website	Test/Measurement Equipment	893	9	7	2
Analytical Lab Group Acquired Element Materials Technology 2020-07-27 Eagan, Minnesota, United States website	Test/Measurement Equipment	-	2	2	-
Circuit Check PE Backed Merit Capital Partners 2024-02-23 Maple Grove, Minnesota, United States website	Test/Measurement Equipment	-	2	2	-
3M Co. - Gas & Flame Detection Business Acquired Teledyne Technologies 2019-06-05 $230M St Paul, Minnesota, United States	Test/Measurement Equipment	-	-	-	-
Avery Weigh-Tronix LLC Acquired ITW 2008-09-26 Fairmont, Minnesota, United States website	Test/Measurement Equipment	-	-	-	-
Quant Technologies LLC - Assets and Intellectual Property Acquired TSI, Inc. 2010-09-24 Blaine, Minnesota, United States	Test/Measurement Equipment	-	-	-	-
August Technology Corp. Acquired Onto Innovation 2006-02-15 $193M Bloomington, Minnesota, United States website	Test/Measurement Equipment	-	-	-	-
Solventu - Purification & Filtration Business Acquired Thermo Fisher Scientific 2025-02-25 $4.1B Saint Paul, Minnesota, United States	Test/Measurement Equipment	-	-	-	-
MSP Corp. Acquired TSI, Inc. 2016-11-09 Shoreview, Minnesota, United States website	Test/Measurement Equipment	-	-	-	-
Martin Calibration Acquired Transcat 2024-12-10 $79M Burnsville, Minnesota, United States website	Test/Measurement Equipment	-	-	-	-
RMS Energy Private Little Falls, Minnesota, United States website	Test/Measurement Equipment	-	-	-	-
Micro Component Technology, Inc Private St. Paul, Minnesota, United States website	Test/Measurement Equipment	-	-	-	-
Cannon Technologies, Inc. Acquired Cooper Industries plc 2006-08-15 Minneapolis, Minnesota, United States website	Test/Measurement Equipment	-	-	-	-
Environ Laboratories LLC Acquired Element Materials Technology 2015-01-07 Minneapolis, Minnesota, United States website	Test/Measurement Equipment	-	-	-	-
FPI Sensors Acquired Rochester Sensors 2019-06-24 Eagan, Minnesota, United States website	Test/Measurement Equipment	-	-	-	-

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