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BRIEF-InTEST buys Ambrell Corp, provider of induction heating systems

May 24 Intest Corp

* Intest acquires ambrell corporation, global provider of precision induction heating systems

* Intest corp - purchase price for ambrell was $22 million in cash

* Intest corp - additional consideration may be paid based upon a multiple of adjusted ebitda for 2017 and 2018, not to exceed $18 million

* Intest corp - acquisition expected to contribute $20 million to $25 million in net revenues to intest's consolidated operations for calendar year 2018

* Intest corp - acquisition expected to be accretive beginning in q3 of 2017 Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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