12/16/2004 - Measurement Specialties, Inc. (AMEX: MSS), a designer and manufacturer of sensors and sensor-based consumer products, announced it has entered into a definitive agreement to acquire MWS Sensorik GmbH (“MWS”) for €900,000 (€650,000 at close and €250,000 in deferred payments), or approximately $1.2 million. The transaction is expected to close on or before January 10, 2005, and will be effective as of January 1, 2005.
“The acquisition of MWS is another step in our effort to build a global shock and vibration group” commented Frank Guidone, Company CEO. “MWS has focused largely on the crash test market in Germany, and is a nice compliment to Entran’s position in France. For fiscal 2006, we expect MWS to contribute approximately $1.2 million in sales, and more than $250,000 in operating profit, assuming post-closing synergies.”
MWS (www.mws-sensorik.de), based in Pfaffenhofen, Germany, integrates and distributes accelerometers and other sensors, sold primarily to the automotive crash test market. MWS has historically used MSI’s silicon micromachined accelerometer as their die for piezoresistive sensors. MWS sells its products to a wide variety of end-users, including Audi, BMW, Mercedes and Daimler-Chrysler, among others.
Peter Bay, MWS Managing Director and principle shareholder commented “I am looking forward to a continuing successful cooperation between our two companies. Aside from the opportunities to leverage the China manufacturing operation, we are excited about the prospects of having access to the entire MSI product line.”
Measurement Specialties, Inc. designs and manufactures sensors and sensor-based consumer products. The Sensor division, also known as MSI Sensors, produces a wide variety of sensors and transducers to measure precise ranges of physical characteristics such as pressure, motion, force, displacement, tilt, flow and distance. MSI Sensors uses multiple advanced technologies – including piezoresistive, electro-optic, electro-magnetic, capacitive, application specific integrated circuits (ASICs), micro-electromechanical systems (MEMS), piezoelectric polymers and strain gauges – to engineer sensors that operate precisely and cost effectively. The Consumer division produces OEM bathroom scales, Accutire® brand tire pressure gauges and other products.
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