Rod Taylor, Seaward's founder, said: "Seaward has been very successful as an independent T&M business, but developing a global presence is a significant challenge. Being an important part of a larger multinational group brings the opportunity for the business to achieve this much more quickly and effectively.
"Our presence in the UK will remain as strong as it always has been. In fact, one of the attractions of linking up with GMC means that Seaward can make the most of the high global growth potential of its products without losing its brand identity or the core values that have contributed to the company's success."
Nuremburg based Metrawatt is a leading company in the development and manufacture of test products and systems used in the electrical, energy and related sectors.
Metrawatt's chairman Dr Hans-Peter Opitz added: "We are delighted to have added Seaward to our portfolio of instrumentation companies. There are parts of the world and specific markets where Seaward products are already strong that have the potential for GMC growth, and, similarly, there are areas where GMC's presence can now provide a platform for expansion of Seaward's technology."
Taylor, who founded Seaward in 1982, will now retire, with Andrew Upton assuming the managing director role.
