Chicago, IL-based Methode Electronics, Inc., a designer and manufacturer of electro-mechanical devices, has acquired Hetronic Holding, LLC, a manufacturer of industrial safety radio remote controls. Methode is acquiring operations in Malta, the Philippines and the U.S., and a sales and marketing center in Germany, for $53.6 million in cash.
 
The Hetronic business will contribute to Methode’s Interconnect segment, complementing the company’s human machine interface (HMI) portfolio.
 
Hetronic provides application specific and standard controls to many different industries, such as material handling, transportation, mining, military, agriculture and construction. Hetronic’s controls are used to remotely manage and operate equipment, such as overhead and boom cranes, …