Vitrek acquires MTI Instruments

Vitrek, a manufacturer of high-voltage test and measurement equipment and board-level data acquisition systems, has acquired MTI Instruments, an Albany, New York-based manufacturer of sophisticated test and measurement equipment.

MTI Instruments’ precision tools, systems, and solutions are used in non-contact metrology, position, displacement, and vibration applications within the design, QA/QC, manufacturing, production, test and research markets. Products include:

• Turbine Engine/Rotating Machine Measurement & Balancing

• Non-Contact Measurements

• Semiconductor/Solar Metrology Systems

• Portable Signal/Generators and Calibrators

MTI Instruments’ products benefit a variety of industries and applications. Commercial aviation companies and the U.S. military rely on vibration analysis and engine trim balance test solutions to identify jet engine problems quickly. Their custom capacitor sensors measure displacement and gap with non-contact force in applications including lens focusing, Piezo positioning, sheet metal thickness, gap measurement as well as flatness and alignment.

“The acquisition of MTI Instruments represents a significant expansion of the range of precision instrumentation products Vitrek offers to our vital industries,” said Don Millstein, Vitrek’s president. “We welcome MTI Instrument’s sales, engineering and manufacturing teams to the Vitrek family – as we continue providing both Vitrek and MTI customers with top level sales, technical support, and product innovation.”

Moshe Binyamin, president and CEO of MTI Instruments, said, “Vitrek is a well-respected test and measurement company with products and a market focus that is perfectly in line with ours. We look forward to combining forces so we can further accelerate our collective growth objectives.”

Soluna Holdings Inc., previous owner of MTI Instruments, announced the sale price was $10.75 million.

Mesirow, an independent, employee-owned financial services firm, acted as the exclusive financial advisor to MTI Instruments on its sale to Vitrek LLC, a portfolio company of private equity manager Branford Castle Partners LP.