Christopher Goodfellow - 26 November 2011
Sensors and sensor-based systems designer and manufacturer Measurement Specialties has completed the acquisition of Timequest, sole shareholder of Gentech International from an affiliate of Rubicon Partners.
Gentech is a designer and manufacturer of position sensors used for tank liquid measurement, including urea tank levels in heavy truck Selective Catalytic Reduction (SCR) systems.
Company CEO Frank Guidone said: "Gentech is a tremendous strategic add for the company. Not only does this allow us to broaden our offering to target heavy truck OEMs with coolant and fuel tank level sensors, the combination provides a clear roadmap for us to expand our urea quality systems to SCR tanks, through combined level/quality measurement."
The acquisition was closed for £6.5 million ($10 million), net of cash. An additional £1.5 million ($2.3 million) is linked to performance against targets.
Rebecca Hayward - 9 June 2014
Measurement Specialties (MEAS) completed the acquisition of the capital stock of Norwegian Wema System AS on May 30 2014. Wema Systems is a developer and manufacturer of fuel and Diesel Exhaust Fluid (DEF) sensors for heavy-duty vehicles. Frank Guidone, CEO at MEAS said: "The adoption of SCR (Selective Catalytic Reduction) within the...