TE expands into high-growth sensor market
TE Connectivity Ltd is buying sensor and sensor-measurement system maker Measurement Specialties for $86 cash per share or a total transaction value of approximately $1.7 billion—a move that thrusts the connector, cable, and backplane giant deeper into measurement products.
Based in Massachusetts, Measurement Specialties manufactures sensors for temperature (thermocouple, RTD, digital), humidity, force, pressure, vibration, and other parameters. It also manufactures industrial data acquisition systems.
A thermocouple probe. The yellow connector housing indicates Type K.
"The acquisition of Measurement Specialties is a key part of our strategy to be a leader in the very attractive, high-growth sensor industry and adds nearly $40 billion to our addressable market," Tom Lynch, TE Connectivity's chairman and CEO, said in a press release. "We are excited about this acquisition as it enables TE to provide customers with an unmatched range of connectivity and sensor solutions that are essential in a world where everything is increasingly connected. We look forward to combining Measurement Specialties' strong breadth of products and technologies with our deep customer relationships and global scale. We are also delighted to welcome their talented team to TE."
Frank Guidone, CEO of Measurement Specialties, said in the release, "The sensor market is quite strong, with both the number of applications and the content per unit increasing every year. We are excited to expand our product offerings to customers around the world through TE's unparalleled go-to-market capabilities. We look forward to working with TE towards a seamless integration for our customers and employees, and becoming the supplier of choice for customers' sensing requirements."
A data acquisition system manufactured by Measurement Specialties.
Sensors have changed considerably since I started in the measurement and control business in 1986. Back then, most measurement of physical parameters was done through sensors connected by wires to a data acquisition system. Though that's still popular in industrial settings, today sensors are everywhere because of mobile devices. As the Internet of Things takes off, sensors will find their way into devices that nobody has even thought of yet.
- Martin Rowe
|Related Articles||Editor's Choice|