This Week
  • CEO Eric Bieber M.D. must meld two systems, transition to new model.

  • President Kevin Bragg has built a career with Chrisanntha Construction Corp.

  • Planning can help reduce conflict when the time comes to end a business partnership.

  • Viewpoint Systems has been known to keep a close eye on its customers.

  • Twenty-year-old Jaquan Outlaw is off to a fast start.

  • A recent visit to Ho Chi Minh City in Vietnam was an eye-opener for RIT students.

ON Semiconductor completes purchase of Truesense Imaging

Rochester Business Journal
May 1, 2014

ON Semiconductor Corp. has completed its acquisition of Truesense Imaging, a Rochester-based provider of high-performance image sensing devices, for some $95 million in cash.

The former Image Sensor Solutions business of Eastman Kodak Co. was sold in 2011 to Platinum Equity LLC, a Los Angeles-based private-equity firm, for an undisclosed price.

ON Semiconductor (NASDAQ: ONNN) is a $2.8 billion worldwide semiconductor manufacturer. Truesense Imaging’s revenue for 2013 was some $79 million with gross and operating margins of roughly 44 percent and 23 percent, respectively.

Christopher McNiffe, former CEO of Truesense Imaging, has been retained by ON Semiconductor to help manage and grow the image sensor business.

The acquisition was announced a month ago. At that time, company officials said it was expected to be immediately accretive to margins and earnings.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google