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inTEST Acquires Alfamation S.p.A.; No Terms Disclosed

Author: Benzinga Newsdesk | March 12, 2024 04:19pm

Alfamation will become a part of the Electronic Test division within inTEST. At current exchange rates, Alfamation's annual revenue in 2023 was approximately $25 million and had backlog at December 31, 2023 of approximately $15 million. The Company expects the acquisition to be accretive in 2025. Alfamation has generated healthy, double-digit, annual revenue growth over the last few years.

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