Platinum Equity to Sell Truesense Imaging for $92M
April 07, 2014
Platinum Equity has agreed to sell Truesense Imaging to ON Semiconductor (NASDAQ: ONNN) for about $92 million in cash. A provider of high-performance image-sensing devices, Truesense Imaging serves industrial end-markets like machine vision, surveillance, traffic monitoring, medical, photography and more. Platinum Equity acquired the business after carving out the Image Sensor Solutions unit of Eastman Kodak (NYSE: KODK) in November 2011.