Palo Alto, Ca-A wave of consolidation is sweeping over the nondestructive test equipment industry, bringing in its wake both benefits and challenges. The consolidated companies must cope with the challenge of balancing the integration of businesses and managing stakeholder concerns. Smaller companies, in-turn, are pressured by the looming threat of their larger sized competition.

On the upside, the conglomerates have the financial might to invest in new technologies and products, global reach to meet customer requirements, and the ability to influence product prices. Their smaller sized competitors are focusing on niche markets and customized solutions to compete effectively.