Measurement Specialties Acquires Encoder Devices
December 1, 2003—Measurement Specialties Inc. acquired the assets of Encoder Devices LLC for $4.4 million.
According to the companys press release, they paid $4 million in cash up front and are deferring the payment of the remaining $400,000.
Encoder Devices , based in Plainfield, IL, designs and manufactures rotational sensors by utilizing magnetic encoder technology.
Measurement Specialties is also a designer and manufacturer of sensors and is located in Fairfield, NJ.