ESCO Announces Acquisition of Test Solutions Provider
ST. LOUIS, March 14, 2011 - ESCO Technologies Inc. (NYSE: ESE) today announced that it has acquired EMV Elektronische Messgerate Vertriebs-G.m.b.H., together with its subsidiary EMSCREEN Electromagnetic Screening G.m.b.H. (collectively, "EMV"). EMV, with operations in Taufkirchen, Germany, provides turnkey systems and shielded environments for research, development and quality assurance testing of electronic equipment.
EMV designs and installs test solutions and shielded environments for a variety of high-tech customers throughout Europe. In addition, the company serves as a distributor and service representative for best-in-class product lines such as amplifiers, AC and DC sources and loads, and antenna pattern measurement systems. EMV also provides maintenance services for its installed base of shielded environments, test solutions and distributed products.
EMV will be part of the ETS-Lindgren group of companies, which will further enhance its system-solutions offering, expand its geographic presence, and provide a new channel of distribution for the group's RF shielding and test products throughout Europe.
Bruce Butler, President of ETS-Lindgren, commented, "We are pleased to have EMV join our RF Shielding & Test Group. The products and services provided by EMV are highly regarded in the industry, and perfectly complement our existing product lines and services business, allowing us to better serve our global customer base."
ESCO, headquartered in St. Louis, is a proven supplier of special purpose utility solutions for electric, gas and water utilities, including hardware and software to support advanced metering applications and fully automated intelligent instrumentation. In addition, the Company provides engineered filtration products to the aviation, space, and process markets worldwide and is the industry leader in RF shielding and EMC test products. Further information regarding ESCO and its subsidiaries is available on the Company's website at www.escotechnologies.com.
SOURCE ESCO Technologies Inc.
CONTACT: Kate Lowrey, Director, Investor Relations of ESCO Technologies Inc., +1-314-213-7243; or Media, David P. Garino, +1-314-982-0551, for ESCO Technologies Inc.
Web Site: www.escotechnologies.com
