Tekscan, a manufacturer of flexible, ultra-thin sensors and systems, has been acquired by Artemis Capital Partners.
Tekscan manufactures thin-film tactile force sensors and pressure measurement systems. The company’s products are used as both stand-alone and embedded systems in the test and measurement, medical, dental, and retail industries.
Tekscan, founded in 1987, has more than 18,000 customers, 110 employees, and is headquartered in South Boston, Massachusetts.
“From the first day we met the company, many years ago, we saw a business with exceptional technology that was poised for strategic growth,” said Peter Hunter, a managing director at Artemis. “Tekscan’s customer and employee-first approach are the trademarks of an Artemis business and we are thrilled to be partners in growth with Tekscan.”
Artemis Capital invests in companies with revenues of $5 million to $50 million and EBITDA of $1 million to $10 million. Sectors of interest include manufacturers of differentiated industrial technologies, including aerospace, automotive, defense, energy, industrial automation, scientific and research, and medical sectors. The firm was founded in 2010 and is based in Boston.
Since founding, Tekscan’s president, Steve Jacobs, with vice president and new interim president, Charlie Malacaria, grew Tekscan into a company with a large product portfolio and a global network of channel partners. “The partnership with Artemis is the next chapter in a healthy and growing legacy for Tekscan,” said Mr. Jacobs.
EC Mergers and Acquisitions was the financial advisor to Tekscan.
Private Equity Professional | September 15, 2020