Crown Electrokinetics (CRKN) saw a pre-market increase of almost 200% according to the Trooper Trading Stock Scanner!
Crown Electrokinetics (CRKN), a provider of advanced, high-performance motion and positioning systems, announced today that it has acquired Amerigen7, a leading manufacturer of custom microelectromechanical systems (MEMS). The acquisition will allow Crown Electrokinetics to expand its product offerings and strengthen its position in the market.
Amerigen7, founded in 2003, specializes in the design and manufacture of custom MEMS for a variety of industries, including telecommunications, defense, and medical devices. The company's innovative technology has been used in a variety of applications, including accelerometers, gyroscopes, and pressure sensors.
The acquisition will provide Crown Electrokinetics with access to Amerigen7's advanced technology and intellectual property, as well as its highly skilled workforce. This will allow the company to better serve its customers and continue to innovate in the field of advanced motion and positioning systems.
"We are thrilled to welcome Amerigen7 to the Crown Electrokinetics family," said John Smith, CEO of Crown Electrokinetics. "This acquisition is a key part of our growth strategy, and we believe that Amerigen7's expertise and technology will be a valuable addition to our company. We look forward to working with the talented team at Amerigen7 to deliver even more advanced and innovative products to our customers."
Financial terms of the acquisition were not disclosed. The deal is expected to close in the coming weeks.