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PCB® Acquires Endevco® Test and Measurement Product Line
October, 2019, Depew, NY On Monday, August 5, 2019 PCB Piezotronics executed an agreement with Meggitt PLC (MGGT.L) to purchase the assets of their Endevco sensor business. This acquisition significantly expands PCB's product portfolio, especially in the automotive and aerospace & defense markets. We strongly believe that the combination of PCB and Endevco will enable us to provide industry leading breadth of sensor product offerings and that combining Endevco’s world class innovation with PCB’s world class Total Customer Satisfaction (TCS) will enable us to provide products and service that are unmatched in the sensor market.
Founded in 1947, Endevco is a historic leader in high performance test & measurement sensors used primarily in the testing of new products. This strategic product line acquisition brings together two iconic brands in the test & measurement sensor market, PCB and Endevco, and further enhances the MTS long-term strategy of growth and market leadership in our core businesses.
PCB plans to transition manufacturing of the Endevco product line from the current facilities in Irvine, California and Xiamen, China to the PCBNC facility in Halifax, North Carolina by end of 2020. The acquisition is expected to contribute tremendous opportunities for accelerated growth in the Sensor business in fiscal 2020 and beyond.
About PCB Piezotronics, Inc.
PCB Piezotronics, Inc. is a designer and manufacturer of microphones, vibration, pressure, force, torque, load, and strain sensors, as well as the pioneer of ICP technology used by design engineers and predictive maintenance professionals worldwide for test, measurement, monitoring, and control requirements in automotive, aerospace, industrial, R&D, military, educational, commercial, OEM applications, and more. With a worldwide customer support team, 24-hour SensorLine, and a global distribution network, PCB is committed to Total Customer Satisfaction. Visit www.pcb.com for more information. PCB Piezotronics, Inc. is a wholly owned subsidiary of MTS Systems Corporation. Additional information on MTS can be found at www.mts.com. PCB® and ICP® are registered trademarks of PCB Piezotronics, Inc.