Schenck acquisition creates a consulting and testing service provider, with complementary capabilities in various industries
Deer Park, New York. and Hudson, Mass., Sept. 28, 2017 Schenck Corporation (“Schenck”) and Test Devices, Inc. (“TDI”) today announced that they have reached a definitive agreement under which Schenck will acquire TDI in the form of a share deal from its current owner, Mr. H. Eric Sonnichsen
TDI is a leader in aviation-related testing technologies, for commercial and military customers, and is globally recognized for its proprietary high speed testing solutions. The company generated sales greater than $8 million in 2016.
Schenck is an affiliated company of Germany-based Schenck RoTec GmbH and a leader in balancing and vibration diagnostic devices, with regional US offices in Detroit, MI, Chicago IL, Houston TX, Greenville SC and Anaheim, CA. In addition, Schenck has a Mexican subsidiary with service cells in 5 main industrial areas. Its North American sales are around $50 million (globally around $250 million).
“This acquisition adds tremendous consulting, prototyping and testing capabilities to our aerospace product line” said Schenck President Ulrik Frodermann. “Together, TDI and Schenck will enhance customer value in a rapidly evolving aerospace industry by providing fast, cost efficient, nondestructive or destructive testing methods, in the form of capital equipment or as an extended workbench.”
“With three complementary balancing and spin testing centers in the US and ten additional centers globally, Schenck and TDI are uniquely positioned to support OEMs globally”, Frodermann continued. “Embedded in the German Dürr Group (2017 estimated turnover of more than $4 billion), these two companies will continue to innovate testing solutions and enable those solutions for the Industrial Internet of Things Platform (IIoT) ADAMOS, a consortium recently established of five German industrial powerhouses to facilitate the digital transformation of their product offerings.”
“We are excited to become part of the Schenck and Dürr organization, which will enable TDI to deliver significantly more value to customers. We look forward to further innovating in the domain of high speed testing services and equipment, benefiting our customers by providing increased capability, further assisting them in their ongoing efforts to advance their products” said Test Devices’ President David Woodford.
Upon completion of the transaction, Schenck and TDI will continue their present product offerings, as two complementary brands with David Woodford retaining his position as President of TDI and Ulrik Frodermann, President of Schenck acting as the chairman of the supervisory board. Mr. Sonnichsen will continue to support the business as a Senior Engineering Consultant.