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TE Connectivity, a world leader in connectivity solutions, today announced that it has entered into exclusive negotiations with Measurement Specialties (MEAS) to acquire it for close to $ 1.7 billion.
Measurement Specialties designs and manufactures sensors and sensor-based systems for the industry to measure pressure, vibration, force, temperature, humidity, etc. Its expected turnover this year would be $ 540 million.
“ T his acquisition is a key part of our strategy to become a leader in this very attractive, fast-growing industrial sensor market, ” explained Tom Lynch, President of TE Connectivity.
Find out more: https://www.meas-spec.fr/
