M&A Deal Summary

Averna Acquires Nexjen Systems

On June 30, 2016, Averna acquired test/measurement equipment company Nexjen Systems from Jenkins Electric

Acquisition Highlights
  • This is Averna’s 4th transaction in the Test/Measurement Equipment sector.
  • This is Averna’s 3rd transaction in the United States.
  • This is Averna’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-06-30
Target Nexjen Systems
Sector Test/Measurement Equipment
Buyer(s) Averna
Sellers(s) Jenkins Electric
Deal Type Divestiture

Target

Nexjen Systems

Charlotte, North Carolina, United States
Nexjen Systems LLC is a full service system integrator that specializes in the design and fabrication of custom test, measurement and automation systems.

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Buyer(S) 1

Buyer

Averna

Montreal, Quebec, Canada
Category Company
Founded 1999
Sector Electronics
DESCRIPTION

Averna is a manufacturing solution provider for communications and electronics device-makers worldwide, helping them deliver a better end-user customer experience. Key Averna clients in the communications, aerospace, defense, automotive, consumer electronics, and medical device industries use Proligent, RF Test instruments, and other test solutions to accelerate product development, reduce manufacturing costs, achieve superior quality throughout the lifecycle, and solve critical supply-chain issues. It has offices around the world as well as a network of partners such as JOT Automation, Keysight Technologies, and National Instruments. Averna was founded in 1999 and is based in Montreal, Quebec.

DEAL STATS #
Overall 5 of 8
Sector (Test/Measurement Equipment) 4 of 6
Type (Divestiture) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 3 of 4
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-14 Test & Measurement Solution NV

Hasselt, Belgium

Test & Measurement Solution NV is a developer of multidisciplinary solutions to test, measure, inspect, assemble and validate products in nearly all segments of the production industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 ProNES

Landau, Germany

ProNES provides standardized custom-made automation in measurement and testing technology by integrating tailored hardware and software. It provides system solutions for diverse fields of application and products include PIQ.battery inspect, PID.3D-gate, PIQ.drive, PIQ.trasys, PIQ.light, PIQ.stamping, and PIQ.pointer. ProNES was formed in 2002 and is based in Landau, Germany.

Buy -

Seller(S) 1

SELLER

Jenkins Electric

Charlotte, North Carolina, United States
Category Company
Founded 1907
Sector Machinery
DESCRIPTION

Jenkins Electric Co. is a manufacturer of electrical equipment parts and repair, testing service and new hoists and hoist parts for manufacturers.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Nexjen Systems

Charlotte, North Carolina, United States

Nexjen Systems LLC is a full service system integrator that specializes in the design and fabrication of custom test, measurement and automation systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 Wheeler Bearing

North Charleston, South Carolina, United States

Wheeler Bearing is a sleeve and fluid film bearing manufacturer that has manufactured and repaired industrial babbitt, bronze, and aluminum bearings, oil rings, and deflectors. Wheeler Bearing was founded in 1919 and is based in North Charleston, South Carolina.

Buy -
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