Vishay Precision Group (VPG) acquired Nokra Optische Prueftechnik und Automation GmbH, a German manufacturer of laser-based measurement systems, on September 30, 2024. This strategic acquisition is expected to enhance VPG's offerings in the steel market. The integration of Nokra is anticipated to broaden VPG's KELK product portfolio.
The acquisition leverages KELK's existing strong brand and sales channels, aiming to expand market reach. Nokra is projected to contribute $6 million in revenue during 2025. This transaction is expected to be immediately accretive to VPG's earnings.
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