Extech Instruments
 | |
| Company type | Corporation |
|---|---|
| Industry | Test Equipment and Portable Printers |
| Founded | Waltham, MA, USA (1971) |
| Headquarters | Nashua, NH |
| Website | extech.com |
Extech Instruments is a full-line supplier of handheld electronic measuring equipment, other handheld measuring instruments, and portable printers. Extech is based in Nashua, New Hampshire and was founded in 1971, now employing more than 80 people with gross revenues in 2004 of US$27 million. Extech also has facilities in Hong Kong and Taiwan.
Divisions
Extech Instruments has two divisions:
- Instruments
- Portable Printers
Extech Instruments's handheld test instruments are sold through a network of national catalog houses, regional stocking distributors and international distributors. In addition to its US headquarters, Extech operates two design, manufacturing and warehousing facilities in Taiwan and Hong Kong and has a sales office in Shanghai, China. For the year ending Dec. 31, 2006, Extech reported revenue of $39.2 million.
FLIR Systems announced in October 2007, it will acquire the stock of Extech Instruments Corp., a private supplier of test and measurement equipment and portable receipt printers based in Waltham, Mass., for $40 million cash.[1][2][3] Flir said the move will expand its access to distribution channels for its thermography products and provide access to low-cost manufacturing in Asia. The transaction, subject to standard closing conditions, is expected to close in the fourth quarter and to be neutral to earnings in 2008 and accretive in subsequent years.
References
- ^ "Extech Instruments to be acquired". Boston Business Journal. October 25, 2007. Retrieved 2008-11-05.
- ^ "FLIR to buy Waltham's Extech Instruments". Mass High Tech: The Journal of New England Technology. October 26, 2007. Archived from the original on May 23, 2011. Retrieved 2008-11-05.
- ^ "Waltham-based Extech Instruments Corporation Announces Agreement to be Acquired by FLIR Systems, Inc". Extech Instruments Corporation press release. November 12, 2007. Retrieved 2008-11-05.