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Fortive Announces Completion of EA Elektro-Automatik Acquisition
January 3, 2024 | BUSINESS WIREEstimated reading time: Less than a minute
Fortive Corporation announced that it has completed its acquisition of EA Elektro-Automatik (EA) Holding GmbH, enhancing Fortive’s position in electronic test & measurement solutions within its Precision Technologies segment.
EA specializes in high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications. EA products will bolster Fortive operating company Tektronix’s innovative portfolio of products and services for engineers with complementary test & measurement solutions enabling the global energy transition.
James A. Lico, President and Chief Executive Officer of Fortive, stated: “We are pleased to welcome the EA team to Fortive. This acquisition marks an important milestone for our Precision Technologies segment as we add a highly synergistic complement to the robust offerings at Tektronix. We are excited about the expected long-term contributions that EA will bring to our customers, our solutions and our financial results as we enhance our participation in this expanding multi-industry market.”
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