NATI - NI to acquire test systems business of Kratzer Automation

NI (NASDAQ:NATI) has agreed to acquire the test systems business of Kratzer Automation, a German software solutions provider for the automotive industry. Financial terms of the deal were not disclosed. The transaction will be funded using cash drawn from existing revolving credit facility. Subject to statutory approvals, the deal is expected to close in Q222, with ~200 employees joining NI. The acquisition will help drive NI's ability to serve customers in high growth EV applications. The combination of NI's EV hardware and software test platform with Kratzer Automation's application-specific EV software and integration capabilities will provide holistic customer solutions that will enable faster responses to changing test needs. The transaction is expected to add ~2% to revenue in 2022. There should be minimal cost synergies, due to the complementary nature of the acquired business relative to NI's transportation business. Furthermore, the deal strengthens NI's ability to achieve the 2022 targets

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NI to acquire test systems business of Kratzer Automation