TestEquity, a Southlake, Texas-based distributor of electronic test, measurement, and production supplies, on Tuesday announced it has acquired MCS Test, a UK-based test and measurement solutions provider. Financial terms of the deal weren’t disclosed.
TestEquity said its acquisition of MCS “will enable expansion to serve the UK market and will accelerate the already impressive progress MCS Test has made in the region. Their dedicated and scalable customer-focused solutions continue to shape customer expectations, driving progressive experiences that create customers for life.”
“I am proud to partner with the MCS team and continue building on the strong foundation they have created,” said Steve Newland, CEO of TestEquity. “MCS brings a specialized business model, a very talented and technical team, and personal values that are very complementary to our own. Together, we will be able to serve the growing needs of our customers and supplier partners even better than we do today.”
Added Bill Beck, CEO of MCS Test: “We are very excited to become part of TestEquity, a leader in our field. This transaction creates a unique strategic opportunity as we combine our expertise and our specialized services. As part of TestEquity, we will deliver even greater value as we remain focused on our strengths and customers.”