ANAHEIM, CA -- Multi-Fineline Electronix, Inc. announced that it has agreed to acquire Pelikon Limited. Pelikon, a privately-held company, is working on the development of printed segmented electroluminescent (pSELTM) displays and keypads. 
 
"The acquisition of Pelikon complements our strategy of being a leading technology solution provider for our expanding OEM customer base," said Reza Meshgin, MFLEX's president and chief executive officer. "
 

The $10.7 million purchase price will be paid by promissory notes, two years after the closing, to existing Pelikon shareholders and creditors. In addition, contingent consideration of up to $9.43 million is payable by MFLEX if certain unit sales milestones incorporating Pelikon display technology are achieved in calendar years 2009 and 2010. The transaction is subject to customary closing conditions with a December 31, 2008 completion date expected.
 

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