National Instruments Corp. (NI, Austin, TX) announced that it has acquired the operating assets of IOtech Inc. (Cleveland, OH), a provider of PC-based data acquisition and instrumentation products. Terms of the acquisition were not disclosed. The IOtech business, as a wholly owned NI subsidiary, will continue to run its operation as is out of Cleveland, and will sell and support its products through its existing direct channels and worldwide network of independent sales representatives and distributors. The companies will look to gain operational leverage in a variety of areas and greater access to global markets by using products and technologies from both companies.
"The acquisition of IOtech further strengthens our offering and reach of providing PC-based measurement solutions to engineers and scientists," said National Instruments President, CEO and co-founder James Truchard. "By combining IOtech's strengths in key areas, including portable, vibration measurement, and OEM products, with NI's software and worldwide data acquisition leadership, we can further our acceptance of virtual instrumentation in applications for in-vehicle test, vibration measurement, and machine monitoring."
