MT. LAUREL, NJ – inTEST Corp. completed its acquisition of Acculogic and its affiliates. The company previously announced it had entered into a definitive agreement to acquire Acculogic on Dec. 9 for approximately $9 million.
“We have been making great progress with our five-point growth strategy since its launch at the beginning of the year, and this acquisition further demonstrates our ability to execute on our plan to grow the business at a greater rate than the market by expanding its global reach and enhancing its product portfolio,” said Nick Grant, president and CEO, inTEST. “I would like to personally welcome the entire Acculogic organization into the inTEST family as we are excited to add their leading technologies and automation services into our electronic test portfolio.”
Acculogic designs and manufactures test systems and provides engineering services for electronic devices, PCBs and EV batteries. Acculogic has engineering and sales support facilities in Maple Grove, MN, Lake Forest, CA, and Hamburg, Germany. The company has approximately 50 employees and generates approximately 75% of its revenue in the defense/aerospace, automotive and life science markets.
inTEST supplies test and process solutions for use in manufacturing and testing across automotive, defense/aerospace, industrial, life science, semiconductor and telecommunications markets.