Acquisitions power NI’s electric vehicle test

NI has also entered into a definitive agreement to purchase the EV Systems business of Rosenheim, Germany-based Heinzinger, a European leader in high-current and high-voltage power systems and this deal is expected to close in Q1 2022. These acquisitions will expand NI’s portfolio of electrification (EV), battery, and sustainable energy capabilities to provide customers with critical power level signal sensing, capture and analysis.

NI, NHR, and Heinzinger serve complementary positions in testing components used in the automotive industry to rapidly innovate to electrify vehicles.

NI says that combining the strength of NI’s flexible EV test platform with these companies’ power conversion and power supply test systems expertise will optimise testing workflows and enable rapid responses to changing test needs, accelerating time to market for a broader range of customers.

The focus of the acquisitions is to accelerate NI’s opportunity in high growth EV applications.

These two transactions will represent 3 percent to 4 percent of NI’s total revenue in 2022 and be accretive to earnings per share. Approximately 150 employees will be joining the company.

“We continue to be intentional with investments where we see high potential to accelerate our growth. The addition of expertise and complementary capability from these two leading technology companies will help strengthen and expand our systems offerings to shared customers in the fast-growing area of electrification.” said Eric Starkloff (pictured), NI President and CEO. “These companies demonstrate our continued commitment to delivering systems to our customers who are facing a once in a career technology inflection in electrification.”