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Measurement Specialties Inc. plans to achieve revenue growth of 50% this year, and is banking on its sensor business to get it there.
"We're trying to shift business a little bit more to our sensor business, and with the acquisition of AMP's sensor division, we're heading off in a pretty good direction," said Joseph R. Mallon Jr., chairman and chief executive of the Fairfield, N.J., company.
In August, Measurement Specialties acquired AMP Inc.'s sensor division in Harrisburg, Pa., which manufactures piezoelectric polymer sensors for industrial, consumer products, instrumentation, military, aerospace, and medical markets.
The division, now called the Piezo Film Sensors Group, reported roughly $8 million in sales last year.
To make the acquisition fit, Measurement Specialities had to restructure its business by reorganizing into two groups-the Sensor Products Division and the Consumer Products Division. The Sensor Products Division now comprises the piezo film sensor business acquired from AMP, as well as Measurement Specialties' transducers aimed at industrial applications.
The transducers are manufactured using a technology called Microfuse, in which...