M&A Deal Summary

Measurement Specialties Acquires Spectrum Sensors and Controls

On April 17, 2013, Measurement Specialties acquired semiconductors company Spectrum Sensors and Controls from API Technologies for 51M USD

Acquisition Highlights
  • This is Measurement Specialties’ 5th transaction in the Semiconductors sector.
  • This is Measurement Specialties’ 2nd largest (disclosed) transaction.
  • This is Measurement Specialties’ 14th transaction in the United States.
  • This is Measurement Specialties’ 2nd transaction in Ohio.

M&A Deal Summary

Date 2013-04-17
Target Spectrum Sensors and Controls
Sector Semiconductors
Buyer(s) Measurement Specialties
Sellers(s) API Technologies
Deal Type Divestiture
Deal Value 51M USD

Target

Spectrum Sensors and Controls

Akron, Ohio, United States
website
Spectrum Sensors and Controls, Inc. is a provider in the design and manufacture of custom temperature probes, high reliability encoders and inertial sensors.

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Buyer(S) 1

Buyer

Measurement Specialties

Hampton, Virginia, United States

website


Category Company
Founded 1981
Sector Test/Measurement Equipment
Employees3,721
Revenue 412M USD (2013)
DESCRIPTION

Measurement Specialties, Inc. designs and manufactures sensors and sensor-based systems to measure precise ranges of physical characteristics such as measuring pressure, linear/rotary position, force, torque, piezoelectric polymer film sensors, custom microstructures, load cells, vibrations and acceleration, optical absorption, humidity, gas concentration, gas flow rate, temperature, fluid properties and fluid level.


DEAL STATS #
Overall 23 of 25
Sector (Semiconductors) 5 of 5
Type (Divestiture) 8 of 8
State (Ohio) 2 of 2
Country (United States) 14 of 14
Year (2013) 1 of 2
Size (of disclosed) 2 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Resistance Temperature Detector

Ham Lake, Minnesota, United States

RTD Co. is a manufacturer of custom temperature sensors and assemblies. RTD services and designs for all major OEM’s. This includes but not limited to motor/generators, medical, flow and factory automation. In addition RTD offers CDM – concept/design/manufacturer services.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-03 Sensotherm Temperatursensorik

Nuremberg, Germany

Sensotherm Temperatursensorik GmbH is a designer and manufactures of platinum (Pt) thin film RTD temperature sensors.

Buy €5M

Seller(S) 1

SELLER

API Technologies

Marlborough, Massachusetts, United States

website


Category Company
Founded 1993
Sector Electronics
Employees1,862
Revenue 226M USD (2014)
DESCRIPTION

API Technologies is a designer and manufacturer of high-performance components and subsystems for demanding RF / microwave and electromagnetic spectrum management applications. API Technologies Corp. provides a broad portfolio of mission-critical products to approximately 1,800 global customers supporting more than 200 programs. API Technologies is headquartered in Marlborough, Massachusetts.


DEAL STATS #
Overall 1 of 3
Sector (Semiconductors) 1 of 2
Type (Divestiture) 1 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-23 C-MAC Aerospace

Amersham, United Kingdom

C-MAC Aerospace dba C-MAC MicroTechnology is a leader in the design, manufacturing, and testing of high-performance, high-reliability ("HiRel") microcircuits and frequency control products. C-MAC is a qualified and recognized supplier in the industrial, communications, automotive, medical, and aerospace industries and is ideally positioned, through its products and technology service offering, to benefit from the organic growth and outsourcing trends across its global footprint. C-MAC is headquartered Amersham, Buckinghamshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-08 National Hybrid

Ronkonkoma, New York, United States

National Hybrid, Inc. is a designer and manufacturer of military standard 1553 data networking products.

Sell $33M