Exhibit 99.2

UNAUDITED PRO-FORMA

CONDENSED COMBINED FINANCIAL STATEMENTS

(In thousands)

As previously reported in the Current Report on Form 8-K filed by Measurement Specialties, Inc. (the “Company” or “MEAS”), on June 2, 2014 MEAS pursuant to a stock purchase agreement completed the acquisition of the capital stock of Wema System AS (“Wema”) for approximately $114,000. A copy of the stock purchase agreement was filed as an exhibit to the original Form 8-K. This Form 8-K/A amends the original Form 8-K to provide financial statements and pro forma financial statements required by Item 9.01 of Form 8-K. The following unaudited pro forma Condensed Combined Financial Statements are based on the historical financial statements of the Company and Wema and present the Company’s pro forma financial position and results of operations resulting from the Company’s acquisition of Wema (the “Acquisition”) and the related financing and other transactions related to such Acquisition (collectively, the “Transactions”).

The accompanying pro forma Condensed Combined Financial Statements reflect adjustments to the Company’s historical financial data to give effect to the Transactions as if they had occurred on March 31, 2014 for the pro forma Condensed Combined Balance Sheet and as if they had occurred on April 1, 2013 for the pro forma Condensed Combined Statements of Operations. The historical consolidated financial information of Wema has been presented under generally accepted accounting principles in Norway (“Norwegian GAAP”), and has been adjusted in the unaudited pro forma Condensed Consolidated Financial Statements to present the results under generally accepted accounting principles in the United States (“U.S. GAAP”).

As described in the accompanying notes, the unaudited pro forma condensed Combined Financial Statements have been prepared using the acquisition method of accounting and the regulations of the Securities and Exchange Commission. The historical financial statements have been adjusted in the unaudited pro forma Condensed Combined Financial Statements to give effect to pro forma events that are (i) directly attributable to the Transactions; (ii) factually supportable; and (iii) with respect to the unaudited pro forma Condensed Combined Statements of Operations, expected to have a continuing impact on the Company’s combined results. Additionally, certain pro forma adjustments have been made to the historical consolidated financial information of Wema in order to (i) convert them to U.S. GAAP; (ii) conform their accounting policies to those applied by the Company; and (iii) present them in U.S. dollars.

As a result, under the acquisition method of accounting, the excess of the total estimated acquisition consideration, calculated as described in Notes to these unaudited pro forma Condensed Combined Financial Statements, over the preliminarily estimated fair values assigned to the net tangible and intangible assets acquired and liabilities assumed was recorded as goodwill. Since these unaudited pro forma condensed Combined Financial Statements have been prepared based on preliminary estimates of acquisition consideration and fair values attributable to the Acquisition, the actual amounts recorded for the Acquisition will likely differ from the information presented and any differences may be material. The estimation and allocation of acquisition consideration is subject to change pending further review of the fair value of the assets acquired and liabilities assumed. A final determination of fair values will be based on the actual net tangible and intangible assets and liabilities of Wema once the final valuation is completed.

MEASUREMENT SPECIALTIES INC. AND SUBSIDIARIES

Pro Forma Condensed Combined Statement of Operations (Unaudited)

(In thousands)

The accompanying notes are an integral part of these Unaudited Pro Forma Condensed Combined Financial Statements.

MEASUREMENT SPECIALTIES INC. AND SUBSIDIARIES

Pro Forma Condensed Combined Balance Sheet (Unaudited)

(In thousands)

The accompanying notes are an integral part of these Unaudited Pro Forma Condensed Combined Financial Statements.

MEASUREMENT SPECIALTIES INC. AND SUBSIDIARIES

Pro Forma Condensed Combined Balance Sheet (Unaudited)

(In thousands, except share data)

The accompanying notes are an integral part of these Unaudited Pro Forma Condensed Combined Financial Statements.

MEASUREMENT SPECIALTIES INC. AND SUBSIDIARIES

Notes to Pro Forma Condensed Combined Balance Sheet (Unaudited)

(In thousands)

The unaudited pro-forma Condensed Combined Financial Statement information is presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved had the acquisition been completed as of April 1, 2013, or of the results of operations that may be attained by MEAS in the future.

The following summarizes adjustments to selling, general and administrative expenses for amortization expense and research and development costs (see note b below):

Refer to Note 4 below for further details concerning preliminary acquisition accounting.

The following summarizes the pro forma adjustments related to interest expense:

Adjustments to interest expense include $1,575 based on the borrowings to fund the acquisition and using Company’s current and historical estimated borrowing cost of 1.75%, and the reversal of Wema’s interest expense of $3,324, since no debt was assumed in the transaction.

In order to calculate the income tax impact for the various adjustments, the Norwegian statutory tax rate of 27% is utilized.

Goodwill presented in the pro forma financial statements does not agree to the above preliminary allocation because, among other reasons, the above preliminary allocation is based on the opening balance sheet at May 30, 2014 and the pro forma amounts are based on balance sheet at December 31, 2013, in addition to the impact of different foreign exchange rates on those respective dates. MEAS has evaluated and continues to evaluate pre-acquisition contingencies related to Wema that may exist as of the acquisition date. If these pre-acquisition contingencies become probable in nature and estimable during the remainder of the purchase price allocation period, amounts will be recorded to acquisition date liabilities and goodwill for such matters. If these pre-acquisition contingencies become probable in nature and estimable after the end of the purchase price allocation period, amounts will be recorded for such matters in MEAS’s results of operations.

The acquisition of Wema is accounted for under the acquisition method of accounting and are based on preliminary purchase price allocations. The assets and liabilities of Wema have been measured at fair value based on preliminary assumptions that the Company’s management believe are reasonable utilizing information as of the acquisition date. Differences between the preliminary and final purchase price allocations could have a significant impact on the accompanying unaudited pro-forma information. The process for measuring the fair values of identifiable intangible assets and certain tangible assets requires the use of significant assumptions, including future cash flows and appropriate discount rates. Acquisition accounting also includes establishing deferred tax liabilities for certain intangible assets which have been calculated using the Norwegian statutory tax rate of 27%. Deferred taxes are based on preliminary acquisition accounting and subject to final acquisition accounting and other related income tax provision calculations. Additionally, acquisition accounting includes the elimination of historical equity related accounts for Wema. The excess of the purchase price (consideration transferred) over the fair value of identifiable assets acquired and liabilities assumed of Wema as of the acquisition date was allocated to goodwill. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Market participants are buyers and sellers in the principal (most advantageous) market for the asset or liability. Additionally, fair value measurements for an asset assume the highest and best use of that asset by market participants.

As of the acquisition date, identifiable intangible assets and related deferred tax liability are as follows: