Meggitt senses a buyout

Meggitt, the international aerospace, defence and electronic sensors group, recently announced that it has agreed to acquire Wilcoxon Research for $15.5 million.

Meggitt, the international aerospace, defence and electronic sensors group, recently announced that it has agreed to acquire Wilcoxon Research for $15.5 million (Wilcoxon), subject to US regulatory approval.

Wilcoxon, a privately owned company located in Gaithersburg, Maryland, USA, has 40 years of sensor industry experience and manufactures products ranging from rugged, low cost industrial accelerometers (vibration sensors) to laboratory and test instrumentation.

Upon completion Wilcoxon will form part of the Meggitt Electronics business unit which produces high-technology micro-machined sensor solutions such as piezoelectric and micro-machined accelerometers, pressure transducers and associated electronics and a range of high volume electronic components.

In the year ended 26th March 2004, Wilcoxon’s reported sales were $11.6 million.