Interlink Electronics Pursues Strategic Acquisition Adventure
Interlink Electronics Pursues Growth Through Acquisition
Interlink Electronics, Inc. (Nasdaq: LINK), based in Fremont, California, is embarking on an exciting growth journey by pursuing an acquisition. The company has signed a non-binding Letter of Intent to acquire a confidential, privately held company located in the United Kingdom. The acquisition is valued at approximately $1.9 million, with payments structured to combine an upfront cash payment at closing and an additional contingent payment through a three-year earnout.
This prospective acquisition highlights Interlink's strategy to enhance its offerings and market reach. The target company has been a player in contract manufacturing and outsourced engineering services for over two decades. Impressively, it reported revenues of around $5 million in its last fiscal year, breaking even during that period. Although this transaction is still in the negotiating phase, its successful conclusion would significantly bolster Interlink's position in the UK and EU markets.
Complementing Existing Technology and Services
Steven N. Bronson, the Chairman, CEO, and President of Interlink Electronics, expressed enthusiasm about this potential acquisition, emphasizing its strategic importance. “If completed, this acquisition would complement our Calman Technology subsidiary,” said Bronson. He believes that integrating the new company into Interlink's existing framework and resource pool will spur a more robust combined sales initiative.
This acquisition aims not only to expand Interlink Electronics' portfolio but to also enhance its operational synergies. By tapping into the expertise of the acquired firm, Interlink hopes to offer even more innovative solutions to its customers.
About Interlink Electronics
With a legacy of nearly 40 years, Interlink Electronics has established itself as a leading innovator in sensor technology and printed electronic solutions. The company's diverse suite of offerings has helped global blue-chip companies streamline their operations across sectors such as medical, industrial, automotive, wearables, and IoT. This scope allows Interlink to cultivate strong partnerships while addressing the unique needs of its clientele.
Innovative Solutions Tailored to Unique Needs
Interlink specializes in creating custom solutions through its expertise in materials science, manufacturing practices, embedded electronics, firmware, and software. These capabilities enable the company to deliver mission-critical technologies that are crucial in today's competitive landscape. Customers can rely on Interlink’s instruments to enhance their operational efficiency and drive their business success.
Future Prospects and Market Growth
As Interlink Electronics prepares to possibly finalize its acquisition, the company is well-positioned for further growth rooted in innovation. The integration of new technologies and enhanced service offerings can lead to increased market share and broadened customer engagement. This strategy aligns perfectly with the company’s ongoing commitment to expanding both organically and through strategic acquisitions.
Interlink's efforts in seeking out valuable partnerships showcase its dedication to finding the right avenues for sustainable growth while continuing to serve its customers with cutting-edge technology.
Investor Relations and Company Contact Information
For more information about Interlink Electronics, interested parties can reach out through the following contacts. Steven N. Bronson, CEO, is available via email at LINK@IESensors.com or by phone at 805-623-4184.
Investor relations inquiries can be directed to Gateway Group, Inc., where representatives Matt Glover and Clay Liolios can be reached at LINK@IESensors.com or by calling 949-574-3860.
Frequently Asked Questions
What acquisition is Interlink Electronics pursuing?
Interlink Electronics is working towards acquiring a privately held company in the UK for approximately $1.9 million.
How will this acquisition benefit Interlink Electronics?
The acquisition is expected to enhance the synergy with Interlink's existing resources and expand their market presence in the UK and EU regions.
What industries does Interlink Electronics serve?
Interlink serves various industries including medical, industrial, automotive, wearables, and IoT, providing sensor technology and printed electronic solutions.
Who leads Interlink Electronics?
Steven N. Bronson is the CEO and President of Interlink Electronics, guiding the company’s strategic direction.
How long has Interlink Electronics been in operation?
Interlink Electronics has been operational for nearly 40 years, establishing itself as a leader in sensor technology.
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