Amphenol Corporation Acquires MTS Systems Corporation
April 7, 2021
Amphenol Corporation completed its acquisition of MTS Systems Corporation for $58.50 per share (approximately $1.7 billion including assumed debt). Amphenol said the deal expands its sensor and sensor-based product portfolio (MTS Sensors expected to add ~ $350 million in sales in the first twelve months) and plans to sell MTS's Test & Simulation business to Illinois Tool Works for $750 million subject to regulatory approvals.
- Buyers
- Amphenol Corporation
- Targets
- MTS Systems Corporation
- Sellers
- MTS Systems Corporation shareholders
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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