VPG Transducers (United Kingdom) - Vishay Precision Group, Inc. (NYSE: VPG), a leading producer of precision sensors and sensor-based systems, announced it acquired California-based Diversified Technical Systems, Inc. (DTS), a leading manufacturer of data acquisition systems and sensors for product and safety testing.
Commenting on the acquisition, Marc Zandman, Chairman of the Board of VPG said, “We are pleased to have DTS join the VPG family. DTS fits our acquisition criteria well: it is an established, niche-market leader with a strong brand and superior technology, as well as a talented management team with deep business and technical knowledge. We believe the addition of DTS will add significant value to VPG and our stockholders.”
Ziv Shoshani, VPG’s Chief Executive Officer, commented:
“DTS not only adds complementary technology to our platform, but it brings unique engineering capabilities centered on miniaturized data acquisition and systems integration with sensor technology for critical testing applications. As a major supplier of embedded data acquisition and logging capabilities for crash test dummies, DTS will give us a presence in the automotive market as well as add to our offerings in the avionics, military and defense market. We believe DTS will continue to benefit from the global need for specialized safety testing technology that is expanding from the automotive and avionics sectors to sports applications.”
Steve Pruitt, Chief Executive Officer of DTS, said, “We are excited to join the VPG team, which has a long track record of technology leadership and innovation. Throughout our 30-year history, DTS recorders have been used with VPG strain gages in vehicle crash safety testing and other dynamic applications. DTS as a part of VPG will bring expanded opportunities to add integrated data acquisition and sensing to demanding measurement challenges.”
The transaction price is approximately $47.0 million, subject to customary post-closing adjustments. VPG will finance the acquisition through a combination of cash on hand and third party borrowings. In 2020, DTS achieved sales of approximately $32 million and an EBITDA margin in excess of 25%.
DTS specializes in miniature data acquisition systems and data logger solutions for a variety of applications including product development, performance validation and safety testing. Engineered for extreme test environments, DTS compact data logger and sensors are rugged and reliable.
Vishay Precision Group, Inc., is an internationally recognized designer, manufacturer and marketer of: components based on its resistive foil technology; sensors; and sensor-based measurements systems specializing in the growing markets of stress, force, weight, pressure, and current measurements. VPG is a market leader of foil technology products, providing ongoing technology innovations in precision foil resistors and foil strain gages, which are the foundation of the company’s force sensors products and its weighing and control systems. The product portfolio consists of a variety of well-established brand names recognized for precision and quality in the marketplace. VPG’s shares are traded on the NYSE under the symbol--VPG.