# Avingtrans acquires Tecmag for $243k

Avingtrans acquired 100% of Tecmag, Inc., a Texas-based designer and manufacturer of instrumentation for MRI and NMR systems, for a total consideration of $243k including debt assumption.

- Type: Acquisition
- Announced: 2018-10-24
- Where: Houston, Texas, United States
- Value: $243K
- Status: completed
- Products: MRI consoles, NMR spectrometers, solid-state probes, system upgrades
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Avingtrans](https://endata.com/companies/1681.md) (acquirer)
- [Tecmag](https://endata.com/companies/35075.md) (target)

## Sources

- [avingtrans.plc.uk](https://www.avingtrans.plc.uk/company-news/acquisition-of-tecmag/), 2018-10-24: "We are delighted to have completed this deal, which will deliver a step change in our capability in MRI and NMR key markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.