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  6. Teradyne Acquires GenRad

M&A Deal Summary

Teradyne Acquires GenRad

On August 2, 2001, Teradyne acquired test/measurement equipment company GenRad for 260M USD

Acquisition Highlights
  • This is Teradyne’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Teradyne’s 4th largest (disclosed) transaction.
  • This is Teradyne’s 6th transaction in the United States.
  • This is Teradyne’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2001-08-02
Target GenRad
Sector Test/Measurement Equipment
Buyer(s) Teradyne
Deal Type Add-on Acquisition
Deal Value 260M USD

Target

GenRad

Westford, Massachusetts, United States
GenRad Inc. is a provider of electronics testing and production solutions serving original equipment (OEM) and electronics manufacturing services (EMS) markets. GenRad's customers manufacture a wide range of advanced technology products ranging from computer, telecommunications and broadband networking devices to wireless products and enterprise hardware.

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Buyer(S) 1

Buyer

Teradyne

North Reading, Massachusetts, United States
Category Company
Founded 1960
Sector Test/Measurement Equipment
Employees6,500
Revenue 2.8B USD (2024)
DESCRIPTION
Teradyne's corporate headquarters in North Reading, Massachusetts.
Teradyne's corporate headquarters in North Reading, Massachusetts.

Teradyne is a supplier and producer of testing equipment. Teradyne's products are used to test semiconductors, wireless products, data storage and complex electronic systems which serve consumer, communications, industrial and government customers. Teradyne was formed in 1960 and is based in North Reading, Massachusetts.

DEAL STATS #
Overall 6 of 13
Sector: Test/Measurement Equipment M&A 2 of 7
Type: Add-on Acquisition M&A Deals 6 of 13
State: Massachusetts M&A 2 of 3
Country: United States M&A 6 of 11
Year: 2001 M&A 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-16 Herco Technology

San Diego, California, United States

Herco Technology Corp. is a fabricator of printed circuit boards. Herco's manufacturing capabilities include conformance to ISO-9002, QS-9000, and Bellcore standards.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-10 Teradyne Connection Systems

Nashua, New Hampshire, United States

Teradyne Connection Systems (TCS) is a supplier of high-speed, high-density connectors, high-performance printed circuit boards and backplane interconnect systems. TCS sells its products primarily to the data communications, storage and server, wireless infrastructure and industrial markets. TCS has facilities in North America, Europe and Asia and employs approximately 2250 people.

Sell $390M
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