National Instruments on Tuesday announced the acquisition of Micropross, a French company which makes smart card testing systems.
The deal is valued at approximately $108 million, according to the company.
Micropross, founded in 1979 and based in Lille, France, is an industry leader in supplying software-based test systems for Near Field Communications, smart cards and wireless charging test systems.
Austin-based NI “continues to invest in RF and wireless test as a strategic area of growth,” according to a news release.
NI also announced third quarter revenue of $300 million, down four percent in dollar value because of of the impact of foreign currency exchange, compared to the same quarter a year ago. Net income for the third quarter was $23 million or 18 cents per share, also down from the same quarter a year ago.
“Over the course of several decades, we have successfully managed the business through various economic and currency cycles. I am confident our product pipeline, channel and operational excellence will help drive the long-term growth and profitability of the company,” James Truchard, NI president, CEO and co-founder said in a news release. “At NIWeek this year, we focused on how we are uniquely positioned to empower our customers to benefit from the trends of the Industrial Internet of Things and Big Analog Data, given our rich history in measurements and our software-based platform that allows us to add more intelligence to devices and systems across a broad range of industries.”