List of 14 Wisconsin-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
Badger Meter NYSE : BMI Milwaukee, Wisconsin, United States website	Test/Measurement Equipment	827	12	12	-
ASA Analytics Acquired In-Situ, Inc. 2019-03-18 Waukesha, Wisconsin, United States website	Test/Measurement Equipment	-	-	-	-
Johnson Level Acquired Hultafors Group 2018-04-30 Mequon, Wisconsin, United States website	Test/Measurement Equipment	-	-	-	-
Air Logic Power Systems LLC Acquired TASI 2000-01-01 Milwaukee, Wisconsin, United States website	Test/Measurement Equipment	-	-	-	-
BioSystem Development Acquired Agilent 2011-12-21 Madison, Wisconsin, United States	Test/Measurement Equipment	-	-	-	-
NEL Frequency Acquired Abracon 2023-07-05 Burlington, Wisconsin, United States website	Test/Measurement Equipment	-	-	-	-
Digi-Star LLC Acquired Topcon Positioning Systems, Inc. 2015-03-23 $133M Fort Atkinson, Wisconsin, United States website	Test/Measurement Equipment	-	-	-	-
Gti Diagnostics, Inc. Acquired Gen-Probe, Inc. 2010-12-16 $53M Waukesha, Wisconsin, United States website	Test/Measurement Equipment	-	-	-	-
Empire Level Acquired Milwaukee 2014-06-02 Mukwonago, Wisconsin, United States website	Test/Measurement Equipment	-	-	-	-
Racine Federated, Inc. Acquired Badger Meter 2012-01-02 $57M Racine, Wisconsin, United States	Test/Measurement Equipment	42	-	-	-
Quest Technologies Inc. Acquired 3M 2008-05-09 Oconomowoc, Wisconsin, United States	Test/Measurement Equipment	-	-	-	-
Prairie Technologies, Inc. Acquired Bruker 2013-09-13 Middleton, Wisconsin, United States website	Test/Measurement Equipment	11	-	-	-
QuadTech, Inc. Acquired Chroma Systems Solutions, Inc. 2012-01-05 Sussex, Wisconsin, United States website	Test/Measurement Equipment	-	-	-	-
Optametra LLC Acquired Tektronix, Inc. 2011-07-28 Madison, Wisconsin, United States website	Test/Measurement Equipment	-	-	-	-

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