RSSMeasurement Specialties, designer and manufacturer of sensors and sensor-based systems, has completed the acquisition of the capital stock of 7787 Wema System, a leader in the development, manufacture and supply of fuel and AdBlue/DEF level and quality sensors for heavy duty on- and off-road vehicles, for approximately US$114.5 million.
Frank Guidone, Measurement Specialties’ CEO commented, "The adoption of selective catalytic reduction (SCR) within the global heavy duty market, and the associated added sensor content, including in-tank level, heating, and quality sensors, has been a key focus area of the company for quite some time. The addition of Wema accelerates our revenue model and provides exciting integration synergy potential.”
Bjorn Frivik, Wema CEO commented, "We are very excited about the Wema/2205 Measurement Specialities combination. Measurement Specialities brings excellent technology with complimentary capability in key areas and the industrial fit is ideal."
Frank Guidone, Measurement Specialties’ CEO commented, "The adoption of selective catalytic reduction (SCR) within the global heavy duty market, and the associated added sensor content, including in-tank level, heating, and quality sensors, has been a key focus area of the company for quite some time. The addition of Wema accelerates our revenue model and provides exciting integration synergy potential.”
Bjorn Frivik, Wema CEO commented, "We are very excited about the Wema/
