News Release

2008-11-14
Measurement Specialties Announces Acquisition of Intersema Sensoric SA, Seraphim starts to distribute Intersema\'s altimeter from 4CQ\'2008

Measurement Specialties Announces Acquisition of Intersema Sensoric SA
 
Extends pressure sensor line and expands global footprint.

Hampton, VA, January 2, 2008 “ Measurement Specialties, Inc. (NASDAQ: MEAS), a global designer and manufacturer of sensors and sensor-based systems, announced the acquisition of Intersema Sensoric SA (www.intersema.com). Located in Bevaix, Switzerland, Intersema is a leading designer/manufacturer of pressure sensors and modules. MEAS acquired the outstanding capital stock of Intersema for approximately $39.7 million in cash and notes, plus an additional $17.3 million if certain performance thresholds are achieved. MEAS acquired approximately $9.6 million in cash as part of the transaction. The transaction closed December 28, 2007.

Frank Guidone, Company CEO commented, We are very excited about the addition of Intersema to our sensor portfolio. Intersema is a leader in the barometric and sub-sea depth measurement markets, and extends our pressure capabilities with the addition of low pressure, harsh media and ultra-small packaged configurations. On an annualized basis, we expect the transaction will add approximately $17 million in sales, and will improve our blended gross and operating margins. We believe the additional infrastructure we gain in Switzerland will provide us a much needed base of engineering talent and infrastructure to address the European pressure market.

For more information, please contact Mr. Johnny Lee at Seraphim,Taiwan distributor of MEAS, tel: 26984660 ext. 219 or email to johnnylee@seraphim.com.tw


About Intersema:

Intersema is now part of 

Intersema Sensoric SA, develops, produces and distributes pressure sensors (MEMS) with leading technology and outstanding performance. In 1998, Intersema introduced the world\'s first digital pressure sensor module for mobile product applications.

Our commitment to focus on customer demand, to continuously improve quality towards six sigma performance is our strength to push the limits and stay in leading edge.

Today our pressure sensor products are widely used in watches, dive computers, water level control, flight and GPS instruments, industrial instruments, home appliances, automotive, medical and other applications.



 

Vendor:

MEAS(Measurement Specialties)


Previous Page   |   Back   |   Next Page