M&A Deal Summary

National Instruments Acquires Phase Matrix

On May 23, 2011, National Instruments acquired electrical equipment company Phase Matrix for 38M USD

Acquisition Highlights
  • This is National Instruments’ 1st transaction in the Electrical Equipment sector.
  • This is National Instruments’ 3rd largest (disclosed) transaction.
  • This is National Instruments’ 2nd transaction in the United States.
  • This is National Instruments’ 2nd transaction in California.

M&A Deal Summary

Date 2011-05-23
Target Phase Matrix
Sector Electrical Equipment
Buyer(s) National Instruments
Deal Type Add-on Acquisition
Deal Value 38M USD

Target

Phase Matrix

San Jose, California, United States
Phase Matrix, Inc. that designs and manufactures RF and microwave test-and-measurement (T&M) instruments, subsystems and components.

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Buyer(S) 1

Buyer

National Instruments

Austin, Texas, United States

Category Company
Founded 1976
Sector Test/Measurement Equipment
Employees7,000
Revenue 1.7B USD (2022)
DESCRIPTION
Entrance to National Instruments' corporate headquarters in Austin, Texas.
Entrance to National Instruments' corporate headquarters in Austin, Texas.

National Instruments designs, manufactures and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. The Company's platform-based approach to engineering provides an integrated software and hardware platform that speeds the development of systems needing measurement and control. National Instruments was formed in 1976 and is based in Austin, Texas.


DEAL STATS #
Overall 3 of 11
Sector: Electrical Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 10
State: California M&A 2 of 4
Country: United States M&A 2 of 5
Year: 2011 M&A 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-23 AWR

El Segundo, California, United States

AWR Corp. is a provider of high-frequency EDA software, dramatically reduces development time and cost for products employed in wireless, high-speed wired, broadband, aerospace and defense and electro-optical applications. AWR Corp. was founded in 1994 and is based in El Segundo, California.

Buy $58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-10 Signalion

Dresden, Germany

Signalion offers test and measurement products and services for wireless communications along with highly specialized consulting services in mobile communications.

Buy -