News & Analysis
Memsic buys 'mote' line from Crossbow
Mark Lapedus
12/18/2009 5:33 PM EST
SAN JOSE, Calif. -- Memsic Inc., a MEMS solution provider, has acquired selected products from Crossbow Technology.
The purchase includes the non-military portion of Crossbow's Inertial Systems business lines and the Wireless Sensor Network (WSN) or "mote" and eKo business lines.
The purchase price of the acquisition is $18 million in cash and is non-dilutive to Memsic shareholders. The closing of the acquisition is subject to certain conditions.
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