DA Davidson Acts as Exclusive Financial Advisor in Sale of NH Research to NI | Business


COSTA MESA, Calif .– (BUSINESS WIRE) – October 29, 2021–

DA Davidson announced today that he has served as exclusive financial advisor to NH Research (NHR), a leader in high-power test and measurement applications such as electric vehicles and batteries, in its sale to NI (Nasdaq: NATI), a test measurement company providing bespoke, software-connected systems to engineers and businesses. The transaction closed on October 19, 2021.

Based in Irvine, Calif., NH Research, Inc. enables electrification by accelerating innovation, validation and functional testing of today’s technologies. With over 40 years of experience, NHR solutions deliver the performance and safety engineers and researchers want to reduce test time and increase energy savings in their test systems.

The acquisition will expand NI’s portfolio of electrification (EV), battery and sustainable power capabilities to provide customers with the detection, capture and analysis of critical power level signals. NI and NHR hold very complementary positions in testing components used in the automotive industry to innovate and rapidly electrify vehicles. Combining NI’s flexible EV test platform with enterprise expertise in power supply and conversion test systems will dramatically optimize test workflows and enable rapid response to changing test needs. , thereby accelerating time to market for a wider range of customers.

“NH Research has built a differentiated platform that provides world-class instrumentation and test systems for a wide range of critical industries,” said Paul Weisbrich, CEO of DA Davidson. “Davidson looks forward to seeing this important partnership respond to the rapidly evolving global decarbonization trends in today’s markets. “

The transaction represents another successful close by DA Davidson’s Diversified Industrials Investment Banking group. Since 2020, the Diversified Industrials Group has completed 14 advisory transactions and raised over $ 2.0 billion in total capital through more than 10 public offerings.

DA Davidson’s Investment Banking division is a leading full-service investment bank that offers comprehensive expertise in financial advisory and capital markets. The group has extensive transaction experience serving middle market clients around the world in four verticals: consumers, diversified industries, financial institutions and technology.

About DA Davidson

DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 and based in Montana, with offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 28 states.

Subsidiaries include: DA Davidson & Co., the largest full-service investment firm based in the Northwest, providing wealth management, investment banking, equity and fixed income markets services and advice; Davidson Investment Advisors, a professional asset management company; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.

For more information, visit dadavidson.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211029005485/en/

CONTACT: Émilie Roy

Prosek for DA Davidson

(646) 818-9232

[email protected]

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BANKING SOFTWARE OTHER ENERGY PROFESSIONAL SERVICES VEHICLES / ALTERNATIVE FUELS ENERGY TECHNOLOGY AUTOMOTIVE ENGINEERING FINANCE OTHER TECHNOLOGIES CONSULTING MANUFACTURING

SOURCE: DA Davidson

Copyright Business Wire 2021.

PUB: 10/29/2021 13:54 / DISC: 10/29/2021 13:54

http://www.businesswire.com/news/home/20211029005485/en

Copyright Business Wire 2021.


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