Amphenol Corporation Acquires MTS Systems Corporation

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.