Mergers & Acquisitions

Klein Tools, Inc. - Lincolnshire, IL

Original Press Release

Klein Tools, Inc. and UEi Test Instruments Join Together to Become a Leading Source of Electrical Diagnostic Equipment for Electricians and HVAC Technicians

Press release date: Nov 30, 2010

Lincolnshire, Ill. - On Nov. 30, 2010, Klein Tools, Inc. acquired a 50% equity position in UEi Test Instruments to cement the existing partnership between the two companies. "We look forward to expanding our partnership with UEi that started over two years ago and has seen Klein Tools become a leading provider of innovative diagnostic tools for Electricians" said Tim Duitsman, Vice President of Engineering for Klein Tools.

UEi will continue to offer its growing line of innovative environmental test equipment for the HVAC/R market while Klein Tools will begin to market its line of electrical test and measurement products to select HVAC/R customers in January 2011. Michael Kane, President of UEi Test Instruments said, "We are confident this partnership will increase each company's share of the test and measurement market."

Founded in Beaverton, Ore., in 1967, UEi Test Instruments is a leading manufacturer of portable testing and measuring equipment for the HVAC industry. In 1992, UEi joined the Kane Group of companies with sister companies in England, Canada and Europe.

In 1857, Klein Tools' founder and blacksmith Mathias Klein forged the first-known U.S.-made pliers in Chicago. Still family owned and managed, Klein Tools has grown to be the leading manufacturer of a variety of hand tools and related products used by professionals worldwide.

For more information on UEi Test Instruments, please contact: UEi - www.ueitest.com #7, 8030 SW Nimbus Avenue Beaverton, OR 97008 Phone: (800) 547-5740 Fax: (503) 643-6322 E-mail: seant@ueitest.com

For more information on Klein Tools, please contact: Klein Tools - www.KleinTools.com P.O. Box 1418 Lincolnshire, IL 60069-1418 Phone: (800) 553-4676 Fax: (847) 478-0625 E-mail: marketing@kleintools.com