National Instruments has acquired the operating assets of Measurement Computing Corporation, a provider of low-cost data acquisition products. Terms of the acquisition were not disclosed.

The Measurement Computing business, as a wholly owned NI subsidiary, will continue to run its operation as is out of Middleboro, Mass. Measurement Computing will sell and support its products through its existing channels. The companies will look to gain operational leverage in a variety of areas and greater access to global markets.

"As the company is small relative to NI, we expect the acquisition to be earnings neutral in 2005 and to be modestly accretive to NI earnings in 2006", said Alex Davern, NI CFO.