Cosense Inc., a Hauppauge maker of ultrasonic liquid sensors and switches, has been bought by an out-of-state company in an $11.5 million deal, according to a news release from the buyer, Measurement Specialities, of Hampton, Va.
Cosense makes sensors for industrial use. Among its clients are makers of semiconductors, medical instruments, pulp and paper, and pharmaceuticals; and the petroleum, aerospace, water, wastewater and utilities industries.
The transaction, completed Monday, was disclosed Thursday.
In the news release, Naim Dam, the chief executive of Cosense, said the "global sales force, worldwide manufacturing footprint and technical expertise offered by Measurement Specialties offers unlimited possibilities for expanding the reach of Cosense."
Measurement Specialties officials in Virginia could not be reached for comment Friday. With about 3,000 employees and a market capitalization of approximately $500 million, the company is publicly traded on the Nasdaq, under the symbol MEAS. It describes itself as "a global designer and manufacturer of sensors and sensor-based systems" to measure pressure, force, position, vibration, temperature, humidity and fluids.
Dam, of Cosense, was off on Friday and could not be reached for comment, and no one else was authorized to speak for the company, a Cosense employee said.
Read more of Inside Long Island Business