CTS Completes Ferroperm Piezoceramics Acquisition


Reading time ( words)

CTS Corporation completed the previously announced acquisition of Ferroperm Piezoceramics from Meggitt PLC for 525 million Danish Krone in cash, subject to usual net debt and working capital adjustments and other terms and conditions of the Definitive Share Purchase Agreement. 

Founded in 1952, Ferroperm specializes in the design and manufacture of high-performance piezoceramic components for use in complex and demanding medical, industrial, and aerospace applications. The company is recognized for its high quality and innovative piezoceramic technology.  Based in Kvistgaard, Denmark, Ferroperm has established a strong customer base across Europe and North America.

“We are pleased to welcome the Ferroperm team to CTS,” said Kieran O’Sullivan, CEO of CTS Corporation. “The completion of this acquisition represents another step forward in our diversification strategy.  Ferroperm’s presence in Europe and experience in medical therapeutic markets complement our capabilities.  We look forward to leveraging the technical expertise of both teams to enhance our product offering and accelerate growth. We expect the acquisition to be accretive in 2023.”

CTS is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets.

Share




Suggested Items

Turn E-textiles Concepts Into Real-World Products

01/10/2023 | Julia Gumminger, IPC
IPC E-Textiles 2023 is an international forum for materials suppliers, product designers, manufacturers, technical experts, and company executives from around the world to collaborate on all areas of the supply chain for e-textiles technologies in the fashion design, health and medical, sports and athletics, automotive, and military and aerospace sectors. It takes place Monday, Jan. 23, in conjunction with IPC APEX EXPO. This year’s event will feature informative and engaging presentations encompassing all areas of e-textiles, Q&A discussions with presenters, and a panel discussion on the economic and business aspects of e-textiles.

Essemtec: Manufacturing Moves In-house

12/28/2022 | Pete Starkey, I-Connect007
Pete Starkey talks with Kevin Domancich at Essemtec at electronica 2022 about the company integration within Nano Dimension and how the two companies have pioneered an exciting new end-to-end manufacturing solution that helps customers speed up production, cut costs, and keep their proprietary materials secure. In a world where time to market has become a priority consideration, this universal system has the potential to revolutionize the industry.

Intermingling Semiconductor and PCB Machine Capabilities

12/14/2022 | Nolan Johnson, I-Connect007
In the midst of electronica, which included the co-hosted SEMICON show, Nolan Johnson speaks with Koh Young’a Harald Eppinger about the convergence of capabilities in the IC and PCB lines at Koh Young. In addition, Eppinger points out that while there are similarities between the global regions of production, there also are unique requirements.



Copyright © 2023 I-Connect007 | IPC Publishing Group Inc. All rights reserved.