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The original item was published from 6/5/2014 12:02:56 PM to 8/2/2014 12:25:00 AM.

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Economic Development

Posted on: June 5, 2014

[ARCHIVED] Measurement Specialties acquires Norway sensor company for $114.5 million

June 5, 20145 - Measurement Specialties Inc., the Hampton-based manufacturer of sensor and sensor-based equipment, is getting bigger. The company recently paid $114.5 million for Wema Systems AS, a Norway-based leader in the development of sensors for heavy-duty vehicles.

Measurement Specialties CEO Frank Guidone said: “the addition of Wema accelerates our revenue model and provides exciting integration synergy potential.”

Measurement Specialties news release
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