Business

TA Associates to acquire Belgian firm specializing in image sensors

TA Associates, a private equity firm with offices in Boston, has agreed to acquire CMOSIS, a supplier of image sensors, for an undisclosed amount.

J. Morgan Seigler. Photo taken from the TA Associates website.

The transaction is conditional on regulatory clearance and is expected to be completed by early 2014.

Based in Antwerp, Belgium, CMOSIS employs about 60 people.

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J. Morgan Seigler, a principal at TA Associates, will join the company’s board of directors, as will Ajit Nedungadi, a managing director at TA Associates.

“The CMOSIS management team has demonstrated expertise in building image sensor businesses,” Seigler said in a statement. “We are excited to partner with such experienced and successful entrepreneurs. CMOSIS is profitable, with a highly reputable brand, attractive client base, and impressive and accelerating growth.”

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