B&K
Precision Corporation announced that it has acquired the assets of the
instrument division of Motech Industries.
The two
companies have a long history of collaboration and Motech has manufactured
programmable power supplies and LCR meters under the B&K Precision brand
for almost 20 years.
Motech
Industries is a leader in solar technologies, and the instrument business was
no longer a strategic component. “By selling the division to B&K
Precision--a well recognized manufacturer of test equipment that celebrated its
60th anniversary last year--the instrument division and its employees are
assured of a bright future said Dr Chang", President and CEO of Motech
Industries.
Victor
Tolan, president and CEO of B&K Precision added, "this acquisition
strengthens our expertise in programmable linear and high power switching
supplies. Motech has a long tradition of developing and manufacturing high
quality innovative products and this is a perfect complement to our own product
offering".
Financial
details of the acquisition were not disclosed.