GLENVIEW, IL – Illinois Tool Works has acquired Teknek for an undisclosed sum.

Teknek will be part of ITW’s electrostatics business in its electronics group.

Teknek's Nanocleen technology is used in printed circuit board assembly, printing and converting.

In the last reported quarter, ITW completed six acquisitions for $556 million and reported revenues of approximately $329 million.

The firm expects revenue of $800 million to $1 billion in fiscal 2011 as a result of its acquisitions.

• Prev
• Next