LEM announces the acquisition of Danfysik ACP

The deal is a strategic bolt-on acquisition in order to strengthen the position of the LEM Group in the field of very high precision current measurements. Danfysik ACP (Advanced Current Products) is a company in the development and manufacturing of highest precision current transducers for three main markets: medical scanners, precision industrial motor controls and test & measurement. LEM has acquired the transducer activity with a turnover of CHF 7.6 million in 2008 and 15 employees. The company is based near Copenhagen, Denmark. The acquisition was finalized for an undisclosed amount. Paul Van Iseghem President & CEO of LEM said: “Danfysik and LEM can already look back at a successful 12 year relationship. We are taking advantage of this strategic bolt-on acquisition to create a new focus on the high precision current transducers market.”