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Measurement Specialties acquires Sensotherm for $7M

Measurement Specialties announced the completion of the acquisition of the capital stock of Sensotherm Temperatursensorik GmbH, a German limited liability company, and Secon Kft., a Hungarian limited liability company, collectively, Sensotherm, which is a leader in the design and manufacture of platinum thin film RTD temperature sensors, for approximately $7M. The acquisition closed August 30th. "Once completed, we expect the transaction to contribute over $1.7M in annual EBITDA and approximately $4.4M in annual sales," Frank Guidone, CEO of Measurement Specialties said.