M&A Deal Summary

Amphenol Acquires MTS Systems

On December 9, 2020, Amphenol acquired test/measurement equipment company MTS Systems for 1.7B USD

Acquisition Highlights
  • This is Amphenol’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Amphenol’s 2nd largest (disclosed) transaction.
  • This is Amphenol’s 14th transaction in the United States.
  • This is Amphenol’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-12-09
Target MTS Systems
Sector Test/Measurement Equipment
Buyer(s) Amphenol
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) J.P. Morgan Securities
Evercore Group (Financial)
Sidley (Legal)

Target

MTS Systems

Eden Prairie, Minnesota, United States
website
Entrance to MTS Systems' corporate headquarters in Eden Prairie, Minnesota.
Entrance to MTS Systems' corporate headquarters in Eden Prairie, Minnesota.
MTS Systems Corp. is a provider of testing hardware, software and services solutions to help customers accelerate and improve their design, development, and manufacturing processes. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS Systems was formed in 1966 and is based in Eden Prairie, Minnesota.

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Buyer(S) 1

Buyer

Amphenol

Wallingford, Connecticut, United States

website

Category Company
Founded 1932
Sector Electronics
Employees91,000
Revenue 12.6B USD (2022)
DESCRIPTION

Amphenol is a producer of electronic and fiber optic connectors, cable and interconnect systems. Amphenol products are engineered and manufactured in the Americas, Europe and Asia and sold by a worldwide sales and marketing organization. The primary end markets for the Company's products are communication systems for the converging technologies of voice, video and data communications, industrial/automotive and military/aerospace applications. Amphenol was incorporated in 1932 and is based in Wallingford, Connecticut.

DEAL STATS #
Overall 21 of 26
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 18 of 22
State (Minnesota) 1 of 1
Country (United States) 14 of 18
Year (2020) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Charles Industries

Schaumburg, Illinois, United States

Charles Industries, LLC is a diversified manufacturing and technology company. Charles supplies a comprehensive line of active and passive, metallic and non-metallic environmental enclosure solutions for communications and power distribution applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Halo Technology

Tustin, California, United States

Halo Technology is a provider of active and passive fiber optic interconnect components for the communications infrastructure markets. Halo operates global leading brands including AddOn Networks, ProLabs, and Skylane Optics. Halo Technology is headquartered in Tustin, California.

Buy $715M
Mergr

Product

Company

Legal