Tekscan Inc, a manufacturer of flexible, ultra-thin sensors and systems, was acquired by Artemis Capital Partners, a Boston-based private equity firm focused exclusively on partnering with differentiated industrial technology companies, according to a media release.

Founded in 1987, Tekscan has been at the forefront in the research and development of ultra-thin force and pressure sensing technology to create differentiated products, or improve clinical and research outcomes.

With a wide range of applications, a unique patent portfolio, and proprietary technology, Tekscan is always pushing the limits through continuous innovation to maintain its position in the area of tactile force and pressure sensing for its customers globally.

Tekscan has developed a diversified business of customers within test and measurement, medical, dental, and retail industries, whether as stand-alone solutions or as an embedded technology.

For the last 20 years, Tekscan’s President Steve Jacobs and VP and new Interim President Charlie Malacaria grew Tekscan into a company with a large product portfolio with a global network of channel partners.

“The partnership with Artemis is the next chapter in a healthy and growing legacy for Tekscan. We believe that we have found the perfect home for Tekscan to embark on the next phase of growth and we could not be more excited about the outcome. Tekscan employees, channel partners, and customers are in great hands with a bright future ahead.”

— Tekscan president Steve Jacobs

Under Artemis’s ownership, Tekscan will continue to operate as an independent company from its headquarters in Boston, per the release.

[Source: Tekscan]

Related Content:
2020 Wheelchair Cushion Showcase
Tekscan’s Strideway Receives an R&D 100 Award
Tekscan Inc Launches Strideway Gait Analysis System