NI to Acquire NH Research, Enters into Definitive Agreement with Heinzinger
Acquisitions strengthen position in electrification and battery test
These acquisitions will expand NI’s portfolio of electrification (EV), battery, and sustainable energy capabilities to provide customers with critical power level signal sensing, capture and analysis. NI, NHR, and Heinzinger serve highly complementary positions in testing components used in the automotive industry to rapidly innovate to electrify vehicles. We believe combining the strength of NI’s flexible EV test platform with these companies’ power conversion and power supply test systems expertise will optimize testing workflows and enable rapid responses to changing test needs, accelerating time to market for a broader range of customers.
The focus of the acquisitions is to accelerate NI’s opportunity in high growth EV applications. Due to the complementary nature of these companies to NI’s priorities of innovation and meeting customer needs, NI expects that there will be minimal cost synergies from these transactions. NI is funding both these transactions through a combination of its existing revolving credit facility and cash on hand. These two transactions will represent 3 percent to 4 percent of NI's total revenue in 2022 and be accretive to earnings per share. Approximately 150 employees will be joining the company.
“We continue to be intentional with investments where we see high potential to accelerate our growth. The addition of expertise and complementary capability from these two leading technology companies will help strengthen and expand our systems offerings to shared customers in the fast-growing area of electrification,” said
Earnings Call Scheduled for Today
NI Management will share more insight into these acquisitions as part of the Q3 2021 earnings call today at
At NI, we bring together people, ideas and technology so forward thinkers and creative problem solvers can take on humanity’s biggest challenges. From data and automation to research and validation, we provide the tailored, software-connected systems engineers and enterprises need to Engineer Ambitiously™ every day.
Heinzinger is a leader in developing high-current and high-voltage power units for various industries globally. Their name is synonymous with high-quality and high-precision power supply solutions. Heinzinger's DC power units allow reliable use even under extreme conditions - whether as a single device, a series of them, a standard product or as OEM solutions.
This press release contains forward-looking statements, including statements regarding future growth, measured by revenue or earnings per share or otherwise, expected timelines and effects of the completed
View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005138/en/
Head of Investor Relations