Beaverton, OR, October 26, 2009 – Tektronix, Inc., a leading supplier of test, measurement, and monitoring products and solutions, today completed the acquisition of the Test & Measurement business from Sypris Solutions, Inc. (Nasdaq/NM: SYPR ) for $39.0 million.
Sypris Test & Measurement, Inc. is a leading provider of calibration services, testing and component sourcing services, and specialty products. The company serves customers in a variety of markets, including military, aerospace, avionics, telecommunications, automotive, semiconductor, medical and more.
Expanding multiple vendor service offerings to support customers through the entire product life cycle is a key strategic initiative for Tektronix. Sypris Test & Measurement brings a strong U.S. footprint of locations to provide rapid turn-around to customers across a wide range of parameters through on-site, mobile, or service offerings to current and future Tektronix customers.
Tektronix is a leading supplier of test, measurement, and monitoring products, solutions and services for the communications, computer, and semiconductor industries - as well as military/aerospace, consumer electronics, education and a broad range of other industries worldwide. With 60 years of experience, Tektronix enables its customers to design, build, deploy, and manage next-generation global communications networks, computing and advanced technologies. Headquartered in Beaverton, Oregon, Tektronix has operations in 19 countries worldwide. Tektronix' Web address is www.tektronix.com
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