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NI ( NASDAQ: NATI ) announced on Monday the acquisition of Wangen, Germany-based electronic aviation system developer, SET GmbH.
Terms of the deal were not disclosed. The transaction will be funded through cash on hand.
NI ( NATI ) first made a strategic minority investment in SET in 2020. The acquisition will expand NI's opportunity in power semiconductor reliability systems for automotive.
SET's approximately 100 employees will be joining NI.