Tru-Test to sell businesses to Datamars for $147.9 million

Thu, 16 Aug 2018

By Rebecca Howard Aug. 16 (BusinessDesk) - Tru-Test Corp will sell some of its business to Switzerland-based Datamars for $147.9 million, it said in its annual report. Tru-Test announced plans to shed the bulk of its businesses, signing a conditional deal to sell its retail solutions and milk meter divisions, which account for about 85 percent of group revenue. Those businesses include the weighing, electronic identification, contract manufacturing, electric fencing and milk metering operations. All intellectual property - including...

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