Battery Ventures has agreed to buy a controlling stake in Lansmont Corp and Team Corp. No financial terms were disclosed. Both companies will merge with Data Physics, which Battery acquired last year. Based in Monterey, California, Lansmont is a maker of products for measuring real-world dynamics and simulating them in laboratory environments while Team, a Lansmont subsidiary located in Burlington, Washington, is a provider of high performance test and measurement solutions for noise and vibration applications.
Boston, MA — January 29, 2015 – Battery Ventures, a global investment firm, has reached an agreement to acquire a controlling stake in Lansmont Corporation and Team Corporation. Lansmont, based in Monterey, Calif., and Team—a subsidiary of Lansmont based in Burlington, Wash.–will join Data Physics as independent operating companies within Battery’s portfolio of test-and-measurement companies focusing on noise and vibration. Together, these companies create a leading and comprehensive platform of vibration-testing equipment with global reach. Terms of the transaction were not disclosed.
“This is great news for our customers and employees, as we now have a partner to pursue our vision of growth and extend our reach with an expanded, complete product set,” said Joe Driscoll, CEO of Lansmont and Team. Dave Huntley, president of Lansmont and Team added, “The investment by Battery represents the future in noise and vibration testing, and I look forward to helping take this dynamic group of companies to the next level.” Huntley will remain involved with the group.
Founded in 1971, Lansmont is a global manufacturer of products for measuring real-world dynamics and simulating them in laboratory environments. Team, founded in 1954, is widely considered a leader in high-performance, vibration-testing systems and related components. Both companies’ solutions are used by customers across the globe to improve quality and enhance product design. Together the group will be able to offer its customers a more complete vibration solution.
Louis Pace, group CEO said, “The combination of Lansmont and Team with Data Physics will enable us to accelerate new product development, deepen our technical expertise, expand our geographic presence and broaden our product and service offerings. We are looking forward to working with management to grow the business and meet their long term objectives.”
“After closing our Data Physics acquisition in February, it is exciting to make such quick progress in expanding our product portfolio with both Lansmont and Team,” said Jesse Feldman, Battery Ventures general partner. “We continue to find complementary companies with strong technologies to bring to the group and are focused on serving more customers on a global basis with a wide range of market-leading products.”
Battery invests in cutting-edge, category-defining businesses in markets including software, infrastructure, digital media and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to buyout and invests globally from offices in Boston, Silicon Valley and Israel. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery’s portfolio companies here.
About Data Physics
Established in 1984, Data Physics is a worldwide supplier of high performance test and measurement solutions for noise and vibration applications. Data Physics designs, manufactures and markets all the hardware and software for its lines of SignalCalc Dynamic Signal Analyzers, SignalStar Vibration Control Systems, SignalForce Electrodynamic Shakers, and SignalSound High Intensity Acoustics products.
Headquartered in Monterey, California, Lansmont Corporation provides state-of-the-art technology to the world’s leading companies, government laboratories and educational institutions. Since 1971, engineers around the world have relied on Lansmont technology to discover product vulnerabilities and eliminate unknowns, and ultimately find the perfect balance between a product’s intended environment and its durability. In turn, Lansmont customers reduce damage and improve quality while supporting sustainability. Lansmont also maintains an office in Shanghai, China, offering strategically positioned regional Sales and Customer Support.
Established in 1954, Team is a worldwide supplier of high performance test and measurement solutions for noise and vibration applications. Widely credited with developing the first hydraulic shaker, Team vibration simulation equipment has been used for quality and durability testing everything from small printed circuit boards to satellites, launch vehicles, military transport vehicles, armaments, rail cars, automotive components and more.