Truesense Imaging
High-performance image sensors for industrial and scientific camera applications
Rochester, NY
Founded Early 2011
$50 Million
150 Employees
Deal Value
$92 Million
Outcome
Success
Result
Technology Leadership
The Challenge
Carved out from Kodak's bankruptcy, the management team needed stable ownership and investment capital to grow their rescued imaging technology in the competitive sensor market.
“We rescued valuable imaging technology from Kodak’s bankruptcy and built it into a thriving independent business, but needed the right strategic partner for the next phase of growth.”
What Happened
When Kodak filed for bankruptcy, Platinum Equity saw opportunity in the Image Sensor Solutions division. They carved it out as independent Truesense Imaging in 2011, stabilizing operations and growing the high-performance sensor business. After three years of successful growth serving industrial and scientific camera makers, ON Semiconductor acquired Truesense for $92M. Platinum Equity called it a 'textbook example' of value creation - rescuing a business during difficult restructuring, growing it independently, then finding the right strategic home.