Holland & Hart advised Vaporsens Inc. on the deal.
Gentex Corporation announced its acquistion of Vaporsens, a Utah-based technology company specializing in nanofiber chemical sensing research and development.
Gentex purchased all of Vaporsens’ stock for $10.5 million, which was in addition to its previous $3 million equity investment in Vaporsens. Gentex is a technology company, proficient in a wide range of core competencies that yield a unique fusion of technologies.
Gentex funded the acquisition with $7.1 million in cash payments, with the remaining $3.4 million of consideration paid with restricted common stock of Gentex. The acquisition of Vaporsens will enable Gentex to complement and expand its product offerings.
Gentex is first and foremost a technology company, proficient in a wide range of core competencies that yield a unique fusion of technologies. Gentex Corporation is dedicated to improving personal protection and situational awareness for global defense forces, emergency responders, and industrial personnel operating in high performance environments.
Vaporsens, is developing a detector to help law enforcement, military, and public safety officials “sniff” out explosives and narcotics. The detector uses our patent pending sensor that is more sensitive and selective than any other on the market.
Holland & Hart’s was led by partner Jeff Steele (Picture) with assistance from Scott Baird and summer clerk Rossetti Farrell. The team also included Nathan Archibald, Sanna Deerrose, Shaun Kennedy, Mark Langer, John Ludlum, Sara Shelly, Lindsay Silber, and Trent Timmons.
Involved fees earner: Nathan Archibald – Holland & Hart LLP; Scott Baird – Holland & Hart LLP; Sanna Deerrose – Holland & Hart LLP; Shaun Kennedy – Holland & Hart LLP; Mark Langer – Holland & Hart LLP; John Ludlum – Holland & Hart LLP; Lindsay Silber – Holland & Hart LLP; Jeffrey Steele – Holland & Hart LLP; Trent Timmons – Holland & Hart LLP;
Law Firms: Holland & Hart LLP;
Clients: Vaporsens Inc.;