Vishay sensor group acquires test company

Vishay Precision Group, Inc., a producer of precision sensors and sensor-based systems, has acquired New York-based Dynamic Systems Inc. (DSI), a specialized provider of dynamic thermal-mechanical test and simulation systems.
Vishay Precision Group, Inc., a producer of precision sensors and sensor-based systems, has acquired New York-based Dynamic Systems Inc. (DSI), a specialized provider of dynamic thermal-mechanical test and simulation systems. (Vishay Precision Group)

Vishay Precision Group, Inc. (VPG), a producer of precision sensors and sensor-based systems, has acquired New York-based Dynamic Systems Inc. (DSI), a specialized provider of dynamic thermal-mechanical test and simulation systems used to develop new metal alloys and optimize production processes, for $41 million, plus a potential earn out of up to an additional $3 million.

Over the past three years, DSI achieved average annual sales of $16 million and high EBITDA margins. Vishay expects DSI to benefit from increasing materials development and research, due to several long-term trends such as efforts to make steel and aluminum lighter and stronger for next-generation applications being developed in the automotive, aerospace, energy and heavy industrial markets.

Marc Zandman, Chairman of the Board of VPG said in a statement, “We are pleased with the addition of DSI to the VPG platform and the value this transaction creates for our shareholders. Acquiring attractive, profitable businesses is a key element of our capital allocation strategy to create value.”

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Ziv Shoshani, VPG’s Chief Executive Officer, commented: “DSI is an established, high margin business, with a strong brand and has the largest installed base of products of its type in the world, according to market estimates. DSI expands our position in the steel market and offers opportunities for growth by leveraging our sales capabilities and market presence, and by expanding DSI’s product line to address new opportunities.”

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