Measurement Specialties sells consumer division

Dec. 20, 2005 – Measurement Specialties, Inc., has sold its consumer division. The designer and manufacturer of sensors and sensor-based systems sold its Cayman Island subsidiary, Measurement Limited (ML), to Fervent Group Limited (FGL), a BVI company controlled by the owners of River Display Limited, Measurement Specialties’ long time partner and primary supplier of consumer products in Shenzhen, China.

Under the terms of the agreement announced earlier this month, FGL acquired Measurement Limited for up to $17.5 million, which may be reduced by up to $5 million if ML does not meet certain performance criteria within the first year.

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