Measurement Specialties acquires Silicon Microstructures from Elmos Semiconductor.

Measurement Specialties, a subsidiary of TE Connectivity acquires Silicon Microstructures, a manufacturer of relays, and industrial controls, from Elmos Semiconductor, which develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Financial terms were not disclosed. Measurement Specialties, designs, develops, manufactures, and markets sensors and sensor-based electronic measurement devices for consumer and industrial products. Closing of the transaction is expected to take place this year and is subject to customary closing conditions. "The IntraSense products have now reached a phase in which a financially strong partner with a broader market presence, such as TE, can implement economic success faster and put it on a strong footing," Anton Mindl, Elmos Semiconductor CEO.