INTERLINK ELECTRONICS INC (LINK): M&A transaction — Interlink Electronics acquires Calman Technology for approximately $5 million

INTERLINK ELECTRONICS INC

Interlink Electronics acquired all shares of Calman Technology for approximately $5.0 million on March 17, 2023.
Calman, based near Glasgow, Scotland, has over 25 years of experience in membrane keypads and printed electronics.
The acquisition adds ~$3.1 million in trailing twelve-month revenue, boosting Interlink's annual run rate to about $14 million.
Interlink's Chairman says the acquisition expands sensor portfolio and adds manufacturing capabilities in Scotland.
The purchase price includes an initial payment of ~$4.392 million and a holdback for up to nine months.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

INTERLINK ELECTRONICS INC completed an acquisition involving shareholders of Calman for GB£4,127,000 (approximately $4,998,000) (closed 2023-03-17).

Action: acquisition
Counterparty: shareholders of Calman
Consideration: GB£4,127,000 (approximately $4,998,000)
Closing: 2023-03-17

Exact text from the filing

including non-competition covenants on the part of the sellers, who will continue to be employed by Calman. Under the terms of the Purchase Agreement, the purchase price is GB£4,127,000 (approximately $4,998,000), of which GB£3,627,000 (approximately $4,392,000) was paid at closing and the balance is being held back for up to nine months against claims for

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INTERLINK ELECTRONICS INC filing history →

Source: SEC EDGAR

accession 0001104659-23-036044

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