National Instruments announced the acquisition of NH Research, a leader in test and measurement applications such as electric vehicles and batteries.
NI also recently announced its agreement to purchase the EV Systems business of Rosenheim, Germany-based Heinzinger, a European leader in high-current and high-voltage power systems and this deal is expected to close in early Q1 2022.
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.
“Our focus on secular growth opportunities such as wireless communications and 5G, electrification, and space technology, is leading to sustainable customer demand. With our recent acquisitions, we will accelerate growth and profitability by broadening our reach to customers in the fast-growing area of electrification,” said Eric Starkloff, NI President and CEO.
National Instruments Corporation reported 19 percent increase in revenue to $367 million in Q3 2021.
In Q3 2021 the value of the company’s orders was up 30 percent. For Q3 2021, orders were up 28 percent in the Americas, up 39 percent in APAC, and up 23 percent in EMEA.
Geographic revenue in Q3 2021 was up 17 percent in the Americas, up 20 percent in APAC and up 21 percent in EMEA.
