Measurement Specialties, Inc. (MEAS) said Wednesday that it has completed the acquisition of the capital stock of Spectrum Sensors and Controls, Inc., a manufacturer of custom temperature probes, high reliability encoders and inertial sensors, from API Technologies Corp. (ATNY) for $51.4 million.
Frank Guidone, Measurement Specialties CEO, said, "Spectrum Sensors is the combination of three prior acquisitions: Advanced Thermal Products located in St Mary's, PA, primarily producing HVAC and refrigeration temperature probes and assemblies, JDK Controls located in Grass Valley, CA, producing high-reliability encoders for aerospace and military applications, and Summit Instruments located in Akron, OH, producing inertial test systems for aerospace and military markets. The pieces fit nicely into our temperature, position and vibration product lines."
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