Spectris plc announced its successful acquisition of MicroStrain Sensing Systems from Parker Hannifin Corp., which had been planned since June. MicroStrain will join Hottinger Brüel & Kjær (HBK) GmbH, which is part of the Spectris family of companies.
U.S. regulators have approved of the acquisition, which is valued at $37.6 million.
HBK President Ben Bryson said: “We are thrilled to announce the acquisition of MicroStrain. This move strengthens our North American presence, enhances our customer offering and expands our presence in robotics and agriculture. We are excited to leverage these technologies to accelerate our smart sensor capabilities and drive innovation for our customers.”
Headquartered in Hovedstaden, Denmark, HBK is known for its advanced instruments, testing equipment, software and services. Williston, Vt.-based MicroStrain designs and manufactures high-precision inertial and wireless sensing systems used in sectors including industrial automation and robotics.
