GLENVIEW, IL-Illinois Tool Works Inc. (ITW) has signed an agreement with Kirtland Capital Partners to purchase Instron Corp., a leading worldwide supplier of instruments, software and services for the testing of materials and structures. Terms of the pending transaction were not disclosed.
Based in Norwood, MA, Instron has manufacturing facilities and technical centers in 13 countries throughout North America, Europe and Asia. The company's products are grouped in three major categories: material testing, structural testing and service. In total, the company's revenues are projected to be approximately $240 million in 2005.