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January 04, 2008
Swiss Pressure Sensor Company Acquired
Intersema Sensoric, a founder-driven pressure sensor company based in Switzerland, has been acquired by Nasdaq-traded Measurement Specialties for up to $47.4 net of cash. The Swiss company has been doing around $20M a year in revenues, employing 45, and was profitable.
Reuters posted a press release that says the the US acquirer bought 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.
Bevaix-based Intersema is a company that your alarm:clock euro reporter Valerie Thompson has been following for years as it was an innovator in MEMS tech. It was also a very thrifty company. In its early years it was selling to customers abroad via its website, for example, which is pretty rare for a startup, especially one that sells high-tech components.
Back in 2000, it delivered the pressure sensors to Victorinox for this Swiss Army Knife
Posted on January 4, 2008 07:24 AM | Posted to News And Updates | Permalink
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