Interlink Electronics to Acquire UK-Based Company for $1.9mln

Interlink Electronics (NASDAQ:LINK) has executed a non-binding Letter of Intent to acquire a UK-based privately held company for an all-cash purchase price of up to $1.9 million, payable in part at closing and in part upon the achievement of certain conditions. The acquisition is expected to expand Interlink's global footprint and enhance its product offerings.

Interlink Electronics (NASDAQ:LINK) has executed a non-binding Letter of Intent (LOI) to acquire a UK-based privately held company for an all-cash purchase price of up to $1.9 million, payable in part at closing and in part through a three-year earnout. The acquisition is anticipated to close later this year and is subject to due diligence and customary closing conditions [1][2].

The target company, with over two decades of experience in contract manufacturing and outsourced engineering services, generated revenues of approximately $5 million in its last fiscal year and broke even. The acquisition aims to complement Interlink's Calman Technology subsidiary and strengthen its presence in the UK and EU markets [1][2].

Steven N. Bronson, Chairman, CEO, and President of Interlink Electronics, stated, "This acquisition, if completed as expected, would be complementary to our Calman Technology subsidiary and would benefit from integration into our existing resources and a more robust, combined sales effort. It further demonstrates our commitment to growing the Company both organically and through acquisitions and adds to our presence in the UK and EU markets" [1][2].

Interlink Electronics is a leading provider of sensors and printed electronic solutions, serving diverse markets including medical, industrial, automotive, wearables, IoT, and specialty markets. The acquisition aligns with the company's strategy to expand its global footprint and enhance its product offerings [1][2].

References:
[1] https://seekingalpha.com/news/4491194-interlink-electronics-announces-loi-for-acquisition-of-uk-based-company
[2] https://www.stocktitan.net/news/LINK/interlink-electronics-announces-letter-of-intent-for-acquisition-uvlg1c7sks8b.html