Measurement Specialties Closes Acquisition of MWS Sensorik GmbH
January 12 2005 - 1:44PM
PR Newswire (US)
Measurement Specialties Closes Acquisition of MWS Sensorik GmbH
FAIRFIELD, N.J., Jan. 12 /PRNewswire-FirstCall/ -- Measurement
Specialties, Inc. (AMEX:MSS), a designer and manufacturer of
sensors and sensor-based consumer products, announced today it has
closed its acquisition of MWS Sensorik GmbH as announced on
December 14, 2004 for euro 900,000 (euro 650,000 at close and euro
250,000 in deferred payments), or approximately $1.2 million. The
transaction is effective as of December 31, 2004. MWS
(http://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. About MSI. 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, force, vibration, position, 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(R) brand tire pressure gauges and other products.
Company Contact: Frank Guidone, CEO, (757) 766-4400 Investor
Contact: Aimee Boutcher or Daniel Boutcher, (973) 239-2878
DATASOURCE: Measurement Specialties, Inc. CONTACT: Frank Guidone,
CEO of Measurement Specialties, Inc., +1-757-766-4400; Investor:
Aimee Boutcher or Daniel Boutcher, both of Boutcher & Boutcher,
+1-973-239-2878, for Measurement Specialties, Inc. Web site:
http://www.mws-sensorik.de/
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