Beijing Const Instruments Will Enter Upstream Sensor Industry With US Investment(Yicai Global) March 1 -- A unit of Beijing Const Instruments Technology Inc. will acquire a 19.5 percent share of US pressure sensor and digital module developer Superior Sensor Technology, Inc. through a USD1.5 million investment as part of the firm's plans to enter the upstream sensor industry.
US subsidiary Additel Corp. will use its own funds to complete the deal, said Beijing Const, a maker of digital pressure measurement products, in a statement.
Beijing Const did not confirm Superior Sensor Technology's shareholder structure, though it will not engage in the daily operation and decision-making of the firm. Superior Sensor, headquartered in Delaware, US, mainly deals in the design, production and sales of high-accuracy and small-size digital small-pressure-difference silicon sensors.