LINK - Interlink acquires Calman Technology for $5M

2023-03-20 09:27:07 ET

• Interlink Electronics ( NASDAQ: LINK ) has acquired all of the stock of Calman Technology for purchase price of ~$5M,
• Calman Technology is an independent company based outside Glasgow, Scotland, with over 25 years of experience in the design and manufacture of membrane keypads, graphic overlays and printed electronics. It's 12 months revenue to September 30, 2022 was ~$3.1M.
• This acquisition brings Interlink's estimated annual revenue run rate up to ~$14M, compared to ~$7.5M for 2022.
• "As the second acquisition in the last three months, we view this as further validation of our acquisition program to expand upon Interlink's world-class diversified portfolio of cutting-edge sensor and printed electronic technologies," said Steven N. Bronson, Chairman, President, and CEO of Interlink.

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