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"This acquisition continues to strategically expand QualMark's total available vibration market to over $125 million and will add approximately $3 million in revenue to QualMark's existing revenue base," says Charles Johnston, QualMark's president and CEO.
QualMark will relocate the Ling Electronics assets to its West Haven, CT, manufacturing facility and commence operations immediately. The acquisition consisted of the primary Ling Electronics' business assets and was consummated with cash, which will not result in any additional dilution to shareholders.
QualMark Corp. designs, markets and manufactures accelerated life-testing systems. The company has installed more than 600 of its proprietary testing systems in 25 countries and operates and partners with 10 testing facilities worldwide.
QualMark also offers electrodynamic vibration solutions through its subsidiary, QualMark ACG Corp.
QualMark ACG Corp. (West Haven, CT) supplies electrodynamic systems, components and service to the worldwide vibration test equipment market. For more than 30 years, QualMark ACG (formerly ACG Dynamics Inc.) has been supplying quality replacement parts and field service for most brands of vibration equipment.