Montreal, Canada. Averna, a developer of test solutions and services for communications and electronics device-makers worldwide, announced today that it has acquired 100% of Europe-based Test & Measurement Solutions for an undisclosed amount.
Averna’s main shareholders, Tandem Expansion and Caisse de dépôt et placement du Québec (CDPQ), both participated in the financing of this acquisition. For CDPQ, this investment is consistent with its objective to further the international expansion of high-performing Quebec companies.
T&M Solutions develops multidisciplinary solutions to test, measure, inspect, assemble, and validate products in nearly all segments of the production industry. Headquartered in Belgium and with offices in the Netherlands and Poland, T&M Solutions is a National Instruments Gold Alliance Partner and has 100 employees, including 70 engineers with almost 50 NI certifications.
This acquisition increases Averna’s global reach as well as provides a strong local presence in Europe, enabling Averna to enter this market with a well established and respected solution provider while giving it a springboard for further European deployments. In addition, T&M Solutions brings unique expertise in semiconductor testing, vision inspection systems, and precision assembly to complement Averna’s existing solutions and industry strengths.
T&M Solutions’ management, including current owners Roel Geraerts and Kurt Hensen, will continue to play key roles in operations and expansion plans for the European market.
“This major expansion into Europe signals Averna’s strategic positioning to accelerate growth and become a truly global Test Engineering powerhouse. Test & Measurement Solutions and Averna share complementary solution portfolios, clients and partners, so this is a real win-win arrangement for everyone,” said François Rainville, vice president of sales and marketing for Averna. “We are proud to welcome T&M Solutions’ customers and employees while providing all our customers with additional expertise and increased worldwide presence.”
André Gareau, Averna’s president and CEO, added “We’re building a strong track record of successful acquisitions and are motivated by our robust pipeline of opportunities in Europe and around the world. These are exciting times for Averna and the industry as our leading test expertise, rapid processes and global support continue to demonstrate that we are a strategic-value partner for our clients’ ongoing product quality and market goals.”
“We are very excited to become part of Averna, a leading player in our field. This transaction creates a unique strategic opportunity as we combine T&M Solutions’ mature European presence and respected expertise with Averna’s expansive global footprint and renowned products and solution delivery capabilities,” commented Kurt Hensen, CEO of Test & Measurement Solutions. “As part of Averna, our portfolio will deliver even greater value as we remain focused on our strengths and customers.”
