Friday, August 12, 2011
Electro Rent Buys Test Equipment Firm
Van Nuys-based Electro Rent, the provider of electronic test equipment rentals and leasing, said Thursday that it has purchased Equipment Management Technology, a fellow electronic test equipment company, out of bankruptcy. Electro Rent said it pay $11.1M in cash for the firm, via a private, U.S. Bankruptcy court sale. Equipment Management Technology is based in Las Vegas, and rents, sells, and leases used electronic test equipment.