M&A Deal Summary

CTS Acquires CTG Advanced Materials

On March 13, 2016, CTS acquired manufacturer CTG Advanced Materials from Channel Technologies Group for 73M USD

Acquisition Highlights
  • This is CTS’s 1st transaction in the Manufacturing sector.
  • This is CTS’s 3rd largest (disclosed) transaction.
  • This is CTS’s 8th transaction in the United States.
  • This is CTS’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2016-03-13
Target CTG Advanced Materials
Sector Manufacturing
Buyer(s) CTS
Sellers(s) Channel Technologies Group
Deal Type Divestiture
Deal Value 73M USD

Target

CTG Advanced Materials

Bolingbrook, Illinois, United States
CTG Advanced Materials LLC is a designer and manufacturer of single crystal piezoelectric materials, serving major original equipment manufacturers throughout the medical marketplace.

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Buyer(S) 1

Buyer

CTS

Lisle, Illinois, United States
Category Company
Founded 1896
Sector Electronics
Employees4,081
Revenue 550M USD (2023)
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 9 of 15
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 3
State (Illinois) 2 of 2
Country (United States) 8 of 10
Year (2016) 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-28 Filter Sensing Technologies

Malden, Massachusetts, United States

Filter Sensing Technologies, Inc. is a provider of radio frequency measurement and control sensors for passenger car, commercial vehicle, off-road and other transportation applications.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Channel Technologies Group

Santa Barbara, California, United States
Category Company
Founded 1959
Sector Manufacturing
Employees250
DESCRIPTION

Channel Technologies Group LLC was a manufacturer and engineer of piezoelectric ceramics and specialized products for a variety of applications and end-users, including medical device manufacturers, energy services companies, defense contractors, and the U.S. Navy. Channel Technologies Group was formed in 1959 and was based in Santa Barbara, California.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 Materials Systems

Littleton, Massachusetts, United States

MSI designs, prototypes and manufactures innovative and cost-effective piezecomposite sonar transducers and arrays for defense and commercial customers. Founded in 1991, MSI developed a proprietary injection-molded piezocomposite technology used not only in defense applications such as mine hunting, mine neutralization, torpedo honing, AUVs, acoustic communications and harbor defense, but also in oil and gas surveying and exploration, as well as variety of medical applications.

Buy -
Mergr

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