Meggitt/Endevco acquires Wilcoxon Research
Meggitt PLC, the parent of Endevco, is planning to purchase Wilcoxon Research Inc., a supplier of industrial vibration sensors and accessories, the company announced recently.
Meggitt PLC , the parent of Endevco , is planning to purchase Wilcoxon Research Inc ., a supplier of industrial vibration sensors and accessories, the company announced recently. Wilcoxon will become part of the firm’s electronics division, led by Endevco, a leader in the manufacture of critical sensors for the aerospace, transportation, and medical markets.
The acquisition is subject to U.S. regulatory approval. According to the agreement, the cash consideration of $15.5 million is payable on completion, and there will be an adjustment for the level of assets acquired at completion. The transaction is being funded from Meggitt’s existing resources.
Maryland-based Wilcoxon has developed and manufactured sensors and wireless networks for industrial condition monitoring applications for more than 40 years. Its product portfolio includes low-cost accelerometers and laboratory and test instrumentation. Acquiring Wilcoxon is expected to broaden Endevco’s range of high-quality, cost-effective sensing offerings.
"The acquisition of Wilcoxon is a key element in our growth strategy," said Robert Meyer, president of Endevco Corp., "bringing the latest in material and network sensing technology and an excellent reputation for high quality, service, and value. Endevco and Wilcoxon’s combined resources, human capital and intellectual property create one of today’s largest and most technologically innovative providers of sensor solutions."
—Jeanine Katzel, senior editor, Control Engineering, email@example.com