inTEST Acquires Alfamation S.p.A.; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
inTEST Corporation has acquired Alfamation S.p.A., with Alfamation set to join inTEST's Electronic Test division. Alfamation reported annual revenue of approximately $25 million in 2023 and had a backlog of $15 million as of December 31, 2023. The acquisition is expected to be accretive to inTEST's earnings in 2025, following Alfamation's history of double-digit annual revenue growth.
March 12, 2024 | 8:20 pm
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inTEST Corporation's acquisition of Alfamation S.p.A. is expected to be accretive to earnings by 2025, with Alfamation contributing $25 million in annual revenue and a $15 million backlog.
The acquisition of Alfamation by inTEST Corporation is likely to have a positive short-term impact on INTT's stock price due to the expected accretive effect on earnings by 2025. Alfamation's significant annual revenue and backlog, coupled with its history of double-digit revenue growth, suggest a strong potential for enhancing inTEST's financial performance and market position. This strategic move aligns with inTEST's growth objectives within the Electronic Test division, potentially leading to increased investor confidence and stock valuation.
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