Detroit, MI – Tuesday, November 14, -- Konrad Technologies, Inc. announced today that is has completed the acquisition of
V I Engineering. The acquisition of V I Engineering provides Konrad Technologies with two strategic attributes to enable the acceleration of the expansion of Konrad capacity to serve the North American market for automated test solutions; industry acknowledged expertise in the National Instruments tool chains & platforms and local access to the vibrant technology hub in Detroit focused on Autonomous Driving and Electric Vehicles.
Dave Loadman, President & CEO of Konrad Technologies, Inc., stated that “as a result of our accelerating success in providing automated test solutions to the Automotive, Consumer Electronics and Medical Devices industries we were faced with a decision as to how to efficiently and quickly scale our operations to best serve our customers. In considering possible acquisition candidates it became obvious that the best and only choice was V I Engineering. Given our success in providing validation and manufacturing test solutions for ADAS related technologies, having a local presence in Detroit is an absolute requirement. As our turn-key automated solutions are based on the National Instruments platform, we are excited to add a world class development team with decades of LabVIEW™ experience and PXI knowledge. Most importantly, we are pleased to have Diane Tibbs (formerly President of V I Engineering) join the executive management team at Konrad Technologies, Inc. as our COO. Diane brings an operations and business acumen to Konrad that is necessary for us to achieve profitable growth at scale.
"Konrad Technologies perfectly aligns with our cultural values and industry focus and provides our team with the global footprint and value-added solution portfolio to drive significant disruption to the North American market. I am confident that our employees and customers are in good hands by joining the Konrad team. Customers both existing and new will continue to receive the high level of service and satisfaction V I Engineering has become known to deliver. Both our customers and employees are in good hands with Konrad team, it is an exciting move for both companies"
- Diane Tibbs, President of V I Engineering
Konrad Technologies GmbH is a global company that offers testing, production solutions, and turnkey solutions in the areas of electronics manufacturing, high-frequency technology, and optics. Since 1993, Konrad Technologies has successfully developed, designed and integrated customer-specific test solutions providing customers with R&D, qualification, and manufacturing of electronic products with tools to fulfill their quality goals, accelerate engineering and development throughput. As a National Instruments Platinum Alliance Partner, Konrad Technologies offers individual testing solutions, such as function tests, in-circuit tests, ADAS testing systems, optical camera testing systems, and complete production lines for the automotive, medical technology, consumer electronics, semiconductors, as well as aerospace industries.
Konrad Technologies, Inc. is the Americas sales, marketing and systems engineering division for Konrad global operations. With a corporate headquarters in Detroit, MI and operations in San Jose, CA and Austin, TX; Konrad Technologies, Inc. now has a direct presence in the three of the leading high-tech corridors in the United States.
V I Engineering is headquartered in Detroit with offices in Indiana, Minnesota and Arizona. V I Engineering is a best in class provider of intelligent test engineering solutions for automated test equipment, engineering services and technical data management. V I Engineering will begin an orderly transition to merge into Konrad Technologies, Inc. to operate under the Konrad name and brand.
For additional information please contact:
President & CEO
Konrad Technologies, Inc.