- NI (formerly National Instruments) has announced the acquisition of NH Research (NHR), a specialist in high-power test and measurement solutions, such as electric vehicles (EVs) and batteries.
- The Texas-based company also announced that it recently entered into a definitive agreement to purchase the EV Systems business of Heinzinger, Germany-based Rosenheim, a specialist in high-current, high-voltage power systems. The transaction is expected to close in the first quarter of 2022.
NH Research is an Irvine, California-based company with over 50 years of experience in power conversion and power supply test systems. It markets battery emulation solutions, battery test systems, AC and DC electronic loads, AC and DC sources, power supply test systems, and more.
The German company Heinzinger, founded in Munich by Josef Heinzinger in 1959, specializes in the development of power supplies for various industrial sectors. For example, the PNChp series delivers voltages up to 300 kV and currents up to 10 A with an accuracy of 0.001% or the LNG series delivers voltages up to 350 V and currents up to 6 A with an accuracy of 0.1%. For more than 10 years, Heinzinger has specialized in supplying source and sink systems for test benches used in the automotive or electromobility sector.
The acquisitions will expand NI’s portfolio in the areas of vehicle electrification, batteries and renewable energy to provide the industry with capabilities for sensing, capturing and analyzing electrical power signals.
NI believes that it has complementary positions with NHR and Heinzinger in the testing of components used in vehicle electrification. It argues that by combining the electric vehicle device testing capabilities of its test platform with the expertise of both companies in power conversion and power supply test systems, it will be able to meet the evolving test needs in this area.
Because of the complementarity of these companies its expertise, the Texas-based company expects cost synergies from these transactions to be minimal. NI is funding both these transactions through a combination of its existing revolving credit facility and cash on hand. The two acquisitions, which will add 150 people to the company’s workforce, will represent 3 to 4 percent of NI’s revenue in 2022.