The Goodwin London and Cambridge Life Sciences team have advised flow sensing company Flusso on their joint sale to a company and a global private equity fund focused on investing in semiconductor companies and other high-tech industries for £28 million. The transaction will enable the acquirers to expand their current product portfolio into flow and environmental sensing, and to establish a European footprint in Cambridge, UK to add to their existing facilities in the US and China. It will also give Flusso immediate access to significant additional expertise and capacity in the design, development and manufacture of new semiconductor devices.
Flusso was spun-out of The University of Cambridge in 2016 to commercialise an innovative sensor technology, first developed by the High Voltage Microelectronics and Sensors group at the Electrical Engineering Department within the university.
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