Interlink Electronics Announces Letter of Intent for Acquisition Transaction

Core Viewpoint - Interlink Electronics, Inc. has announced a non-binding Letter of Intent for the acquisition of a UK-based privately held company for an all-cash purchase price of up to approximately $1.9 million, which includes a three-year earnout component [1][2] Group 1: Acquisition Details - The acquisition target has over two decades of experience in contract manufacturing and outsourced engineering services, with revenues of approximately $5 million in its last fiscal year, breaking even [1] - The transaction is subject to the execution of a definitive purchase agreement, satisfactory due diligence, and customary closing conditions, with an anticipated closing later this year [1] Group 2: Strategic Implications - The acquisition is expected to be complementary to Interlink's Calman Technology subsidiary and aims to enhance the company's resources and sales efforts [2] - This move reflects the company's commitment to growth through both organic means and acquisitions, while also expanding its presence in the UK and EU markets [2] Group 3: Company Background - Interlink Electronics is a leader in sensor technology and printed electronic solutions, with nearly 40 years of experience serving diverse markets including medical, industrial, automotive, wearables, and IoT [2]