source: www.insidermedia.com

A sensor technology business in Cambridge has been snapped up by a subsidiary of US-owned infrastructure company Sensus in a deal worked on by law firm Mills & Reeve.

Sentec, based in Milton Road, is well-known for developing sensor technology and electronics for utilities, meters and appliance manufacturers. The company will maintain its independence, team and operations in Cambridge, and continue “business as normal”.

The sale comes after a ten-year working relationship between the two companies, during which Sensus helped develop some of the key technologies used in Sentec’s water and electric meters.

“This change of ownership will enable Sentec to further invest and develop its IP portfolio and resources to meet the increasing requirements of both companies’ customers as they look to exploit the full potential of connected devices and data,” said Sentec chief executive Chris Shelley (pictured).

“Sensus already has a strong commitment to invest in R&D, this tie-up will further bolster that commitment by bringing the complementary capabilities of both companies closer together – Sentec will function as a centre of excellence, continuing to provide its current range of services to its, and Sensus’, existing and future customers.”

Mills & Reeve corporate partner Anthony McGurk added: “The outlook of these two technology firms are well aligned and we are pleased to have been able to help another Cambridge business realise their potential. The innovative technology coming out of the region is having a real impact globally which this sale clearly demonstrates.”

The financial value of the transaction was undisclosed.