Menomonee Falls-based Actuant Corp. announced today that it has acquired Turotest, a leader in the design and manufacture of instrument panels, gauges and senders serving the Brazilian agriculture and industrial markets.
Turotest, headquartered near Sao Paulo, Brazil, generates annual revenues of approximately $13 million.
Turotest will operate as part of the Maxima business within Actuant’s Engineered Solutions Segment.
“Turotest is a great addition to our Maxima business, serving the attractive agriculture market in Brazil. We expect to leverage the strong technical capabilities and customer relationships of the combined businesses to further extend our reach into the growing agriculture, construction and mobile equipment markets in Latin America,” said Bill Blackmore, executive vice president, of engineered solutions for Actuant. “Adding a well-recognized brand like Turotest to Maxima provides us with the opportunity to expand into Latin America and better serve our global OEM customers with local production and technical support. We welcome the Turotest team to Actuant and look forward to working together to enhance the value of the business.”