National Instruments to buy Micropross for $108 mn

National Instruments
National Instruments today announced its deal to acquire Micropross, a supplier of test systems for Near Field Communications (NFC), smart cards, and wireless charging test systems, in a deal valued at $108 million.

The company will be paying 90 percent of the transaction value in cash and the remaining in equity. Micropross, a company based near Lille, France, will operate as a wholly owned NI subsidiary under the leadership of the existing management team.

Micropross’ technology in mobile payment and wireless charging areas will complement NI’s test platform. NI will try to leverage the testing technology in growth initiatives including semiconductor test and wireless production test.

“NI continues to invest in RF and wireless test as a strategic area of growth. Micropross’ technology complements NI’s platform and will further strengthen our capability in wireless test while providing opportunity for future growth in the design, prototyping, and testing of RF and communications systems,” said James Truchard, NI president, CEO and co-founder.

This acquisition directly aligns to NI’s growth strategy through further penetration into target growth markets.

NI said its Q3 revenue fell 4 percent to $300 million with core revenue up 5 percent.

Revenue from Americas fell 3 percent, rose 2 percent in EMEIA and dipped 14 percent in APAC. NI currently expects Q4 revenue to be in the range of $315 million to $345 million.

Baburajan K
[email protected]