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Duff & Phelps Advised Teradyne Inc. on its Acquisition of Avionics Interface Technologies, LLC

Avionics Interface Technologies, LLC (“AIT”) was acquired by Teradyne Inc. (“Teradyne”) on October 31, 2014. AIT will operate as an independent division within Teradyne’s Military and Aerospace business segment.

About Avionics Interface Technologies, LLC

AIT is a leading designer and manufacturer of test instrumentation, software tools, and rugged COTS interface modules for military and commercial aerospace applications. The Company designs and manufactures high-performance flight modules, test and simulation modules, embedded solutions, databus analyzers, and support systems. Its field-proven modules support MIL-STD-1553A/B, MIL-STD-1760E, ARINC 429, ARINC 615A, Combination MIL-STD-1553/ARINC 429, ARINC 664, and Fibre Channel. AIT was founded in 2000, is based in Omaha, Nebraska and has a separate production and design center based in Dayton, Ohio.

About Teradyne

Teradyne is a leading supplier of Automatic Test Equipment used to test semiconductors, wireless products, data storage and complex electronic systems that serve consumer, communications, industrial and government customers. The company operates in three segments: Semiconductor Test, Wireless Test, and System Test. With sales of over $1.43 billion in 2013, Teradyne currently employs approximately 3,900 people worldwide. Teradyne, Inc. was founded in 1960 and is headquartered in North Reading, Massachusetts. 
"AIT's products complement Teradyne's line of bus test instrumentation, allowing Teradyne to provide complete test solutions for today's avionics systems," said John Wood, Vice President and General Manager of Teradyne's Defense and Aerospace business unit.Role of Duff & PhelpsDuff & Phelps served as exclusive financial advisor to Teradyne and provided M&A advisory services in connection with the acquisition of AIT.

 
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