Japan's Nippon Instruments (Ni) has announced that it has entered into an agreement to purchase Kratzers Test Systems Business from Kratzers Automation Group.

Kratzers Test Systems Business is a provider of test systems for the semiconductor and electronics industries, with a particular focus on automotive applications.

The acquisition is expected to close in the fourth quarter of this year, and will give Ni a strong foothold in the rapidly growing market for automotive electronics testing.

Ni is a leading provider of test and measurement solutions for the semiconductor and electronics industries.

The company has a strong global presence, with sales and support offices in Japan, the United States, Europe, and Asia.