Spherea to acquire Konrad's US subsidiary
Spherea, a manufacturer of high-end electronic and automated test solutions for aerospace, defense, and other safety-critical industries, announced it will acquire the U.S. subsidiary of Konrad Group.
Konrad GmbH and Spherea Group have entered into an agreement for Spherea to buy the U.S. subsidiary of Konrad Group, Konrad Technology US, formerly known as VI Engineering.
Based in Farmington Hills, Michigan, the organization is a provider of engineering and integration services for automated test equipment, serving the defense, automotive, consumer products, and medical industries.
The transaction is expected to close over the summer, pending standard regulatory approvals.
“This move aligns with our long-term vision to sharpen our global focus and accelerate innovation where we see the greatest strategic potential," said Michael Konrad, CEO of Konrad GmbH. "We are proud of what Konrad Technologies US has achieved as part of the Konrad Group and confident that, under Spherea’s leadership, the team will reach new heights. We sincerely thank the personnel of our US group for their dedication and are excited to see the impact they will continue to make in the industry.”
Patrice Bélie, CEO of Spherea Group, said, “We are pleased to welcome Konrad Technologies US CEO, Diane Tibbs, and her team into the Spherea family. Together, we will enhance our offerings for US- based customers by combining the strengths of Spherea and Konrad Technologies’ expertise, technologies, and capabilities. As we move forward, we will serve our customers as a unified entity under the Spherea U.S. brand, leveraging our full capabilities to enrich customer solutions and drive further business growth.”
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