Tektronix, Inc., a supplier of test, measurement, and monitoring products and solutions, completed the acquisition of the Test & Measurement business from Sypris Solutions, Inc. (Nasdaq/NM: SYPR ) for $39.0 million.
Sypris Test & Measurement, Inc. is a provider of calibration services, testing and component sourcing services, and specialty products. The company serves in a variety of markets, including military, aerospace, avionics, telecommunications, automotive, semiconductor, medical and more.
Expanding multiple vendor service offerings to support customers through the entire product life cycle is a strategic initiative for Tektronix. Sypris Test & Measurement brings a strong U.S. footprint of locations to provide rapid turn-around to customers across a wide range of parameters through on-site, mobile, or service offerings to current and future Tektronix customers.