Averna Acquires Leading European Company Test & Measurement Solutions

With this Acquisition, Averna Becomes a Truly Global Test-Solution Provider for Clients in North America, Europe and Asia

MONTREAL, March 14, 2016 /PRNewswire/ -- Averna, an industry-leading developer of test solutions and services for communications and electronics device-makers worldwide, announced today that it has acquired 100 percent of Europe-based Test & Measurement Solutions for an undisclosed amount.

Averna's main shareholders, Tandem Expansion and Caisse de dépôt et placement du Québec (CDPQ), both participated in the financing of this acquisition. For CDPQ, this investment is consistent with its objective to further the international expansion of high-performing Quebec companies.

T&M Solutions develops multidisciplinary solutions to test, measure, inspect, assemble and validate products in nearly all segments of the production industry. Headquartered in Belgium and with offices in the Netherlands and Poland, T&M Solutions is a National Instruments Gold Alliance Partner and has 100 employees, including 70 engineers with almost 50 NI certifications.

This acquisition increases Averna's global reach as well as provides a strong local presence in Europe, enabling Averna to enter this market with a well-established and respected solution provider while giving it a springboard for further European deployments. In addition, T&M Solutions brings unique expertise in semiconductor testing, vision inspection systems and precision assembly to complement Averna's existing solutions and industry strengths.

T&M Solutions' management, including current owners Roel Geraerts and Kurt Hensen, will continue to play key roles in operations and expansion plans for the European market.

"This major expansion into Europe signals Averna's strategic positioning to accelerate growth and become a truly global Test Engineering powerhouse. Test & Measurement Solutions and Averna share complementary solution portfolios, clients and partners, so this is a real win-win arrangement for everyone," said François Rainville, Vice-President of Sales & Marketing for Averna. "We are proud to welcome T&M Solutions' customers and employees while providing all our customers with additional expertise and increased worldwide presence."

André Gareau, Averna's President and CEO, added "We're building a strong track record of successful acquisitions and are motivated by our robust pipeline of opportunities in Europe and around the world. These are exciting times for Averna and the industry as our leading test expertise, rapid processes and global support continue to demonstrate that we are a strategic-value partner for our clients' ongoing product quality and market goals."

"We are very excited to become part of Averna, a leading player in our field. This transaction creates a unique strategic opportunity as we combine T&M Solutions' mature European presence and respected expertise with Averna's expansive global footprint and renowned products and solution delivery capabilities," commented Kurt Hensen, CEO of Test & Measurement Solutions. "As part of Averna, our portfolio will deliver even greater value as we remain focused on our strengths and customers."

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The New Averna at a Glance

• Global test-solution company with offices in North America, Europe and Asia
• Strong local presence wherever Averna customers develop and test their products
• Over 425 employees, including more than 200 engineers with 125-plus NI certifications
• Huge portfolio of off-the-shelf products and custom solutions (4200+ completed projects)
• Leader at the forefront of test and RF innovation with worldwide Centers of Excellence

About Averna
As the leading Test Engineering company in the world, Averna is a strategic partner for electronic and communication product developers, helping them achieve higher product quality, faster time to market, and greater value from their test systems. Founded in 1999, Averna offers specialized expertise and innovative test solutions that deliver substantial financial, technical and brand benefits for hundreds of clients in the aerospace, automotive, consumer electronics, defense, life sciences, telecom and transportation industries. Averna has offices around the world, numerous industry certifications such as ISO, CSIA, and ITAR registration, and is partnered with National Instruments, Keysight Technologies, and JOT Automation. www.averna.com

© Copyright 2016 Averna. All rights reserved. Information subject to change without notice. Averna is a trademark of Averna Technologies. Other product and company names listed are trademarks of their respective companies.

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SOURCE Averna

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