M&A Deal Summary

CTS Acquires QTI Sensing Solutions

On July 31, 2019, CTS acquired electronics company QTI Sensing Solutions for 80M USD

Acquisition Highlights
  • This is CTS’s 6th transaction in the Electronics sector.
  • This is CTS’s largest (disclosed) transaction.
  • This is CTS’s 9th transaction in the United States.
  • This is CTS’s 1st transaction in Idaho.

M&A Deal Summary
Date 2019-07-31
Target QTI Sensing Solutions
Sector Electronics
Buyer(s) CTS
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

QTI Sensing Solutions

Boise, Idaho, United States
website
QTI Sensing Solutions is a designer and manufacturer of high-quality temperature sensors serving original equipment manufacturers (OEMs) with mission-critical applications in the industrial, aerospace, defense, and medical markets.

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Buyer(S) 1

Buyer

CTS

Lisle, Illinois, United States

website

Category Company
Founded 1896
Sector Electronics
Employees3,820
Revenue 587M USD (2022)
DESCRIPTION
CTS' corporate headquarters in Elkhart, Indiana.
CTS' corporate headquarters in Elkhart, Indiana.

CTS is a designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (EMS) to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. CTS was incorporated in 1896 and is based in Lisle, illinois.

DEAL STATS #
Overall 11 of 15
Sector (Electronics) 6 of 6
Type (Add-on Acquisition) 9 of 12
State (Idaho) 1 of 1
Country (United States) 9 of 10
Year (2019) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Noliac A/S

Kvistgaard, Denmark

Noliac A/S is a designer and manufacturer of tape cast and bulk piezoelectric components, sensors and transducers. Noliac was founded in 1997 and is based in Kvistgaard, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 Sensor Scientific

Fairfield, New Jersey, United States

Sensor Scientific, Inc. is a designer, developer, and manufacturer of thermistors for automotive, medical, aerospace, industrial and scientific applications. Sensor Scientific offers high accuracy temperature thermistor solutions, which meet and exceeds customers' requirements. Sensor Scientific was founded in 1983 and is based in Fairfield, New Jersey.

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Mergr

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