logo
Share SHARE
FONT-SIZE Plus   Neg

Measurement Specialties Acquires Assets Of Cosense For $11.5 Mln

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: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Electric car maker Tesla's Chief Elon Musk confirmed that there will be no discount on new cars. Through several tweets and an email addressing its employees, Musk said, "It is absolutely vital that we adhere to the no negotiation and no discount policy that has been true since we first started taking orders 10 years ago." Shares of National Beverage Corp. fell about 15 percent on Wednesday after short selling firm Glaucus Research Group has said it is shorting the soft-drink maker and accused the company of manipulating earnings. In a research report, Glaucus alleged that National Beverage achieved its "remarkable history of financial performance in part by manipulating earnings." Canadian pipeline operator Enbridge Inc. said it has agreed to sell its liquids pipeline assets in the South Prairie Region, including the Saskatchewan pipeline system, to privately-held midstream company Tundra Energy Marketing Ltd. for C$1.075 billion in cash.
comments powered by Disqus
Follow RTT