Measurement Specialties acquires assets of Cosense for $11.5 Mln
Sensor manufacturer Measurement Specialties, Inc. (MEAS) said Tuesday it has acquired the assets of Cosense, Inc. The purchase price for the assets was $11.5 million and the transaction closed on April 2.
Measurement Specialties paid $10.0 million in cash at closing and will pay an additional $1.5 million on April on April 2, 2013 subject to offset for certain indemnification rights.
The company said that it expects the acquisition to add about $7.5 million in annual net sales.
Cosense is engaged the design and manufacture engineered ultrasonic sensors and switches used in semiconductor, medical, aerospace and industrial application.
by RTT Staff Writer
For comments and feedback: email@example.com