Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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: Quote) 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.

Click here to receive FREE breaking news email alerts for Measurement Specialties Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.