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GenRad acquires Nicolet Imaging Systems and Sierra Research and Technology Inc.
Keywords GenRad, Nicolet Imaging Systems, Sierra Research and Technology, Mergers and acquisitions
GenRad, Inc. announced it has acquired San Diego, California based Nicolet Imaging Systems (NIS) and its sister company Sierra Research and Technology, Inc. (SRT), based in Westford, Massachusetts, from ThermoSpectra Corporation, a subsidiary of Thermo Instrument Systems, Inc., for a combined purchase price of $40 million. This acquisition expands the range of test solutions GenRad provides to electronics manufacturers to include manual and automated X-ray inspection as well as rework and repair. The expanded product portfolio allows GenRad to offer electronics manufacturers the most extensive closed-loop test and repair solutions available today.
Nicolet Imaging Systems is the recognized market leader in X-ray inspection technologies. The acquisition makes GenRad the leading supplier of real-time X-ray inspection systems, which are used to inspect high-reliability products such as assembled circuit boards, electronic components and airbag inflation devices, and to provide quantitative process control information used to identify process drift before faults are introduced.