MTS Systems Corporation acquires E2M Technologies
Nasdaq-listed MTS Systems Corporation, a leading global supplier of high-performance test systems and sensors, including aerodynamics simulators, seismic simulators, load frames and hydraulic actuators, has announced the acquisition of E2M Technologies (“E2M”) for approximately US$80million. BCMS was the exclusive advisor to the shareholding of E2M on the sale process, which completed in late 2018.
“BCMS advised us to approach the whole market to find the right buyer to take our business to the next level” – Jan Van Bekkum, E2M
Founded in 2007, E2M is a leader in the design, development, and manufacture of electric motion control systems for the certified flight and vehicle simulation markets, and the amusement park industry. E2M has gained regulatory and customer quality approvals for some of the most demanding electric motion systems, including motion platforms for ‘Level D’ flight simulators for pilot training and for key customers in the burgeoning theme park and vehicle simulator industries.
E2M will report into the MTS Test division – which will be renamed ‘Test and Simulation’ to reflect the growth in simulation applications across all MTS market sectors.
E2M co-founder and CEO Jan Van Bekkum commented: “This transaction came about after an approach from another international acquirer. BCMS advised us to approach the whole market to find the right buyer to take our business to the next level. It was an eye-opening experience to meet all the potential acquirers, but we got on well with MTS from the outset which was the most important thing for us all here.
“I’m confident that this new partnership will be highly beneficial to our customer base, suppliers and staff as we start this exciting new chapter.”