The company’s products test the integrity of power supplies for critical applications in institutions such as hospitals, airports and data centres.
Avtron CEO and president Jeff Gwinnell said, “The combination of Avtron Loadbank with Emerson represents an exciting opportunity for growth.
“With the acquisition of Froment in 2010, Avtron Loadbank solidified its position as the clear global leader in load banks, and as part of Emerson we see terrific potential to further broaden our customer base and geographic reach.”
Morgenthaler has about $3bn under management and has made investments in more than 300 companies over its 44-year history.
It focuses on lower mid-market transactions between $25m to $150m with net profits in excess of about $5m.
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