Fluke Corporation has acquired TTL Technologies Pvt Ltd - a Indian distributor of measurement tools from leading brands. Financial details of the transaction were not disclosed. TTL has represented Fluke in India since 2001 as a master distributor.
It distributes measurement tools manufactured by Fluke Corporation, Ametek Programmable Power Inc., Thermo Fisher Scientific, Gigatronics Inc., Microfluidics and Voltech Instruments Ltd through it's pan India operations.
TTL Technologies was started in 1982 as an import trading division within APLAB Ltd, a manufacturer of test and measuring instruments based out of Thane. It distributes measurement tools manufactured by Fluke Corporation, Ametek Programmable Power Inc., Thermo Fisher Scientific, Gigatronics Inc., Microfluidics and Voltech Instruments Ltd through it's pan India operations.
This is Fluke Corporation's second acquisition in this month. It also acquired Martel Electronics Corporation, a Derry, N.H.-based manufacturer of electronic test tools and OEM products.
Founded in 1953, Fluke Corporation is a manufacturer of industrial testing equipment including electronic test equipment. Fluke products are used throughout Indian transportation, defense and manufacturing industries, spanning natural gas to power generation, transmission and distribution, railways, basic metals, pharmaceutical, automotive, capital goods and electronics R&D, as well as the major calibration labs.
Reference: IIFL
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 24/01/12 |
TTL Technologies - Fluke Corporation |
M&A |
Fluke Corp |
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 17/02/12 |
M&A |
Amtek Auto Limited |
Neepaz VForge India Limited (VCube Forge India Limited) |
46.68 |
Announced |
| 16/02/12 |
M&A |
|
Virgo Engineers Limited |
- |
Announced |
| 10/02/12 |
M&A |
Indo Asian Electric Private Limited |
UPS Business |
162.63 |
Completed |
| 07/02/12 |
Private Equity |
IDFC Private Equity |
Regen Powertech Private Limited |
20.39 |
Announced |
Company |
| Name | Promoters | Office | Competitor | Website |
| TTL Technologies Private Limited |
Prabhakar Shankar Deodhar |
Deodhar Center, 424, Marol Maroshi Road, Andheri (E) |
|
www.ttlindia.com |
