Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
EM Test Group
Sale to AMETEK, Inc.
Baird served as the exclusive financial advisor to Riverside
EM Test Group (“EM Test” or the “Company”), a portfolio company of The Riverside Company (“Riverside”), recently completed its sale to AMETEK, Inc. (“AMETEK”) (NYSE: AME) at a transaction value of approximately CHF 83 million ($93 million, €67 million).
EM Test is a leading designer and manufacturer of conducted electromagnetic compatibility (“EMC”) testing equipment. EM Test’s EMC test and measurement instrumentation is used by clients in a variety of industries including automotive, general industrial and telecom. The Company is based in Reinach, Switzerland and has sales and service centers in Germany, China and the U.S. Its products are available in more than 40 countries around the world.
Riverside is a global private equity firm focused on acquiring growing enterprises valued at up to $200 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 260 transactions with a total enterprise value of more than $5.8 billion (€4.7 billion). Riverside has $3.4 billion (€2.7 billion) in assets under management and more than 200 professionals in 20 offices.
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices. EM Test joins AMETEK as part of the Programmable Power division of its Electronic Instruments Group (EIG). AMETEK EIG sells instruments to the process and analytical, aerospace, power, and industrial markets worldwide.