M&A Deal Summary

Measurement Specialties Acquires Wema System AS

On May 30, 2014, Measurement Specialties acquired test/measurement equipment company Wema System AS from Norvestor Equity AS for 115M USD

Acquisition Highlights
  • This is Measurement Specialties’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is Measurement Specialties’ largest (disclosed) transaction.
  • This is Measurement Specialties’ 1st transaction in Norway.

M&A Deal Summary
Date 2014-05-30
Target Wema System AS
Sector Test/Measurement Equipment
Buyer(s) Measurement Specialties
Sellers(s) Norvestor Equity AS
Deal Type Add-on Acquisition
Deal Value 115M USD

Target

Wema System AS

Blomsterdalen, Norway
Wema System AS is a supplier of high-quality diesel and AdBlue level sensors to the heavy truck and marine industry.

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Buyer(S) 1

Buyer

Measurement Specialties

Hampton, Virginia, United States
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 25 of 25
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 17 of 17
Country (Norway) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 24
PREVIOUS 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

Norvestor Equity AS

Oslo, Norway

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Norvestor Equity is an independent private equity group focused on opportunities throughout Norway and the nearby Nordic region. Norvestor generally looks to acquire control positions in businesses with strong market positions, clear potential for sales and earnings growth, and motivated management. Sectors of interest include engineering/technology, food/beverage, IT, telecommunications, maritime equipment, oil services, power/energy, retail, and services/outsourcing. The Firm's investment size is €10 to €45 million in companies with enterprise values of €20 to €125 million. Norvestor Equity is based in Oslo with an additional office in Stockholm.

DEAL STATS #
Overall 30 of 48
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 8 of 17
Country (Norway) 25 of 31
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 Nomor

Sollentuna, Sweden

Nomor is a provider of pest control and hygiene services in both Sweden and Norway. The company offers a broad range of pest control and hygiene services, including preventative pest measures, food safety services, inspection, and sanitation of mold/fungi, and has deep relationships with the insurance industry in both countries. Nomor was formed in 1995 and is based in Sollentuna, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-01 EnFlow

Sande, Norway

EnFlow provides pump and flow control technology to sectors ranging from aquaculture to marine industries. In some of the most challenging environments, EnFlow enable cleaner, more efficient flows of liquids on well boats and maritime equipment, as well as solutions for fish welfare, handling and transport of live fish. EnFlow was founded in 1981 and is based in Sande, Norway

Buy -
Mergr

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