Acquisitions.

Acquisitions

Arrhythmia Research Technology (ART; Fitchburg, Massachusetts) said its wholly owned subsidiary, Micron Products, has completed the purchase of substantially all of the operating assets of privately held New England Molders (NEMI; Shrewsbury, Massachusetts). Micron is one of the worlds largest manufacturers of silver/silver chloride and conductive resin sensors used in disposable ECG, EKG and EEG monitoring and diagnostic electrodes. Micron paid NEMI total consideration of $1.5 million, including $1.1 million in cash and $400,000 in ART common stock or cash at ARTs option. In addition to the expected synergies in engineering, manufacturing and administration, the fact that medical products are close to 50% of NEMIs approximately $2 million in sales should create significant opportunities in sales and marketing, Micron …