MFLX Buying Pelikon Ltd.

Multi-Fineline Electronix Inc. (Nasdaq: MFLX) has agreed to acquire Pelikon Ltd., a UK-based developer of printed segmented electroluminescent displays and keypads. The deal is valued at $10.7 million, payable by two-year promissory notes. Milestone-based earn-outs are also included. Pelikon has raised over $23 million in VC funding since 2000, from firms like Advent Venture Partners, Finance Wales, Gartmore Investment Ltd. and Spark Ventures.

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