The designer and manufacturer of sensors and sensor-based systems, Measurement Specialties, closed the acquisition of Atex, a sensor company based in France. Founded in 2000, Atex specializes in providing vibration sensors to the Formula One racing market. For calendar 2005, the french company has annual revenues of approximately 1.5 million euro, with customers predominantly in Europe.All outstanding shares of Atex stock were acquired for 2.7 million euro. As part of the transaction, Measurement Specialties acquired approximately 0.5 million euro cash on the balance sheet. The owners also have potential for up to an additional 1.6 million euro in an earn-out tied to three-year growth objectives. Measurement Specialties achieved a turnover in 2005 of 140.9 M US$ and a net profit of 14.8 M US$.