Industrial Physics Acquires Vitrek from Branford Castle

M&A · Partnership
โดย Business Wire·US·Read original
Summary · why it matters

Industrial Physics, the global packaging, material, and coating test and measurement group backed by KKR-affiliated investment funds, has acquired Vitrek, a US-based provider of electronic test and precision measurement equipment, from Branford Castle Fund, LP. Vitrek, which includes the Vitrek, MTI, and GaGe brands, makes electrical safety testing equipment, power analyzers, engine vibration balancing systems, and precision measurement instruments for aerospace, defense, semiconductor, and medical device customers. The acquisition extends Industrial Physics' reach into mission-critical testing markets, and KKR will extend its broad-based employee ownership program to all Vitrek employees. Financial terms were not disclosed, and the transaction closed upon signing.

Impact on stocks 2

Aging Population · 1 stocks
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR's investment fund backs the acquirer, extending its employee ownership program.

Spatial Computing / AR/VR · 1 stocks

Off-coverage companies 3

VitrekPrivate▲ Positive
Capitalrelevance

Vitrek is acquired, a positive event for the company.

Industrial PhysicsPrivate▲ Positive
Capitalrelevance

Industrial Physics acquires Vitrek, expanding its market reach.

Branford Castle PartnersPrivate▲ Positive
Capitalrelevance

Branford Castle sells Vitrek, realizing an exit.