Divestiture • Test/Measurement Equipment

MTS Systems Acquires Endevco

On September 5, 2019, MTS Systems acquired test/measurement equipment company Endevco from Meggitt

Acquisition Context
  • This is MTS Systems’ 4th transaction in the Test/Measurement Equipment sector.
  • This is MTS Systems’ 4th transaction in the United States.
  • This is MTS Systems’ 1st transaction in California.

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M&A Deal Summary

Date September 5, 2019
Target Endevco
Sector Test/Measurement Equipment
Buyer(s) MTS Systems
Sellers(s) Meggitt
Deal Type Divestiture

Target Company

Endevco

Irvine, California, United States
Meggitt (Orange County), Inc. is a provider of high-performance sensors and related accessories used for precise vibration, shock, temperature and pressure measurements. Endevco products are primarily used for test & measurement applications where accurate and reliable data is absolutely vital, including R&D, design & validation, structure and machine safety, and maintenance, among others. The Company has a diverse customer base serving the aerospace & defense, passenger safety, transportation, and general industrial sectors.
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Buyer Overview 1

Buyer

MTS Systems

Eden Prairie, Minnesota, United States

Category Company
Founded 1966
Sector Test/Measurement Equipment
Employees3,500
Revenue 893M USD (2019)
DESCRIPTION
Entrance to MTS Systems' corporate headquarters in Eden Prairie, Minnesota.
Entrance to MTS Systems' corporate headquarters in Eden Prairie, Minnesota.

MTS Systems Corp. is a provider of testing hardware, software and services solutions to help customers accelerate and improve their design, development, and manufacturing processes. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS Systems was formed in 1966 and is based in Eden Prairie, Minnesota.


Deal Context for Buyer #
Overall 6 of 7
Sector: Test/Measurement Equipment 4 of 5
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 4 of 4
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 PCB Group

Depew, New York, United States

PCB Group, Inc. is a manufacturer of piezoelectric quartz sensors, accelerometers, and associated electronics for the measurement of dynamic pressure, force, and vibration that enhance the productivity, safety, reliability and efficiency of their customers’ products and processes.

Buy $580M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 R&D A/S

Hinnerup, Denmark

R&D A/S is a designer and manufacturer of test systems that accurately simulate the extreme operating environments often encountered by large, rotating structures, such as wind turbines, and aircraft engine propulsion systems. R&D was founded in 2005 and is based in Hinnerup, Denmark.

Buy -

Seller Profile 1

SELLER

Meggitt

Coventry, United Kingdom

Category Company
Founded 1947
Sector Engineering
Revenue 1.6B GBP (2022)
DESCRIPTION

Meggitt provides engineering group specialising in extreme environment components and smart sub-systems for aerospace, defence and energy markets. Meggitt was founded in 1947 and is based in Coventry, the United Kingdom.


Deal Context for Seller #
Overall 4 of 6
Sector: Test/Measurement Equipment 1 of 1
Type: Divestiture 4 of 6
State: California 2 of 2
Country: United States 2 of 3
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 Precision Micro

Birmingham, United Kingdom

Precision Micro is a photochemical etching company supplying precision-etched metal components to exacting specifications. Precision Micro was established in 1983 and is based in Birmingham, United Kingdom.

Sell £23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 InVeris Training Solutions

Suwanee, Georgia, United States

InVeris Training Solutions is a provider of integrated virtual and live-fire training systems and services for domestic and international law enforcement customers. InVeris Training Solutions is based in Suwanee, Georgia.

Sell $146M