Versailles Group is pleased to announce that Data Translation (www.datatranslation.com), with operations in the U.S. and Germany, has been acquired by Measurement Computing, a subsidiary of National Instruments (www.ni.com) (NasdaqGS: NATI). Versailles Group acted as exclusive financial advisor to Data Translation.
The text of the Press Release is listed below for your convenience.
BOSTON, Nov. 13, 2015 /PRNewswire-iReach/ -- Versailles Group, Ltd. (www.versaillesgroup.com) announced today that Data Translation (www.datatranslation.com), with operations in the U.S. and Germany, has been acquired by Measurement Computing, a subsidiary of National Instruments (www.ni.com) (NasdaqGS: NATI). Versailles Group acted as exclusive financial advisor to Data Translation. Terms were not disclosed. The transaction closed on Nov. 10.
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Versailles Group, a 28-year-old Boston-based investment bank that specializes in international mergers, acquisitions, and divestitures, advised Data Translation on the transaction. Versailles Group works with companies in the U.S., Europe, Canada, Asia, and South America.
Data Translation ("DT"), founded in 1973 and headquartered in Marlboro, Mass., is a leading designer, manufacturer, and provider of data acquisition solutions for the test and measurement marketplace. With expertise in the design of high-accuracy, high-quality hardware and application software, DT partners with end users and OEMs to achieve their test and measurement goals. The company offers modules compatible with USB, LXI, PCI, and Ethernet and the supporting application software. Popular applications for the products include sound and vibration, temperature measurement, strain and bridge-based measurement, and voltage measurement, among others.
"The sale of DT fulfilled the primary shareholders' desire for a liquidity event." said Donald Grava, Versailles Group's founder and president. By using Versailles Group's worldwide approach to finding the right buyer, DT was sold to Measurement Computing ("MCC"), a NI subsidiary. Fred Molinari, Founder of DT, said, "By joining MCC, our customers will benefit from an enhanced product offering, continued support of existing products, and the resources to build on over 40 years as an innovator in data acquisition."
About MCC
Measurement Computing (www.mccdaq.com) designs and manufactures data acquisition devices that are easy to use, easy to integrate, and easy to support. Included software options are extensive and provided for both programmers and non-programmers. Free technical support, limited lifetime warranties, and low cost of ownership make Measurement Computing the easiest choice for data acquisition.
About NI
Since 1976, NI (www.ni.com) has made it possible for engineers and scientists to solve the world's greatest engineering challenges with powerful platform-based systems that accelerate productivity and drive rapid innovation. Customers from a wide variety of industries – from healthcare to automotive and from consumer electronics to particle physics – use NI's integrated hardware and software platform to improve the world we live in.
About Versailles Group, Ltd.
Versailles Group, Ltd. is a Boston-based investment bank that specializes in international mergers, acquisitions, and divestitures. It provides its clients with a high level of personal attention, international experience, and professional execution. Since 1987, Versailles Group's skill, flexibility, and experience have enabled it to successfully close transactions, both domestically and internationally, in all economic environments.
More information on Versailles Group can be found on its website, www.versaillesgroup.com.
Media Contact:
Donald Grava, 617-449-3325
