Market Share of Test And Measurement Industry
The test and measurement market is moderately competitive and consists of some influential players. These significant players who hold a noticeable share of the market are leveraging strategic collaborative actions to improve their market percentage and enhance their profitability.
- August 2024: Averna acquired Global Equipment Services Inc. (GES), a division of Kimball Electronics Inc. GES specializes in automation, test, and measurement solutions for industries including consumer electronics, semiconductors, and medical devices. This strategic move leverages the strengths and reach of both companies, positioning them as one of the largest independent system integrators in test automation. As a result of this acquisition, Averna has expanded its presence to new locations in Ho Chi Minh (Vietnam), Suzhou (China), Trivandrum (India), Tokyo (Japan), and San Jose (United States). Additionally, technical support is being bolstered in the Philippines, Taiwan, South Korea, Malaysia, and Thailand.
- October 2023: Fortive Corp. signed a definitive agreement to acquire EA Elektro-Automatik Holding GmbH, a top provider of high-power electronic test solutions tailored for energy storage, mobility, hydrogen, and renewable energy sectors. The deal, valued at USD 1.45 billion in cash (after accounting for USD 215 million in tax benefits), is being made with Bregal Unternehmerkapital. Through this acquisition, Fortive aims to bolster its dominant stance in electronic testing and measurement, furthering the global energy transition.
Test And Measurement Market Leaders
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National Instruments Corporation
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Yokogawa Electric Corporation
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Rohde & Schwarz GmbH & Co. KG
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Fortive Corp.
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Advantest Corporation
*Disclaimer: Major Players sorted in no particular order
