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M&A Deal Summary

CTS Acquires Ferroperm Piezoceramics

On April 12, 2022, CTS acquired technology hardware company Ferroperm Piezoceramics from Meggitt for 525M DKK

Acquisition Highlights
  • This is CTS’s 1st transaction in the Technology Hardware sector.
  • This is CTS’s 2nd largest (disclosed) transaction.
  • This is CTS’s 2nd transaction in Denmark.

M&A Deal Summary
Date 2022-04-12
Target Ferroperm Piezoceramics
Sector Technology Hardware
Buyer(s) CTS
Sellers(s) Meggitt
Deal Type Divestiture
Deal Value 525M DKK

Target

Ferroperm Piezoceramics

Kvistgaard, Denmark
Ferroperm Piezoceramics specializes in piezoelectric ceramics under the Ferroperm™ brand which provides sensing, monitoring, power and motion systems. Ferroperm Piezoceramics is based in Kvistgaard, Denmark.

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Buyer(S) 1

Buyer

CTS

Lisle, Illinois, United States
Category Company
Founded 1896
Sector Electronics
Employees3,549
Revenue 516M USD (2024)
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 founded in 1896 and is based in Lisle, Illinois.

DEAL STATS #
Overall 14 of 15
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: Denmark M&A 2 of 2
Year: 2022 M&A 2 of 2
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 TEWA Temperature Sensors

Lublin, Poland

TEWA Temperature Sensors is a designer and manufacturer of high-quality temperature sensors. TEWA Temperature Sensors was founded in 1964 and is based in Lublin, Poland.

Buy $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-20 maglab

Basel, Switzerland

maglab designs and manufactures magnetic shields and cores, shunts, current sensors, and current transformers for the e-mobility, robotics, automation, and renewable energy industries. maglab was formed in 2011 and is based in Basel, Switzerland.

Buy -

Seller(S) 1

SELLER

Meggitt

Coventry, United Kingdom
Category Company
Founded 1947
Sector Engineering
Revenue 1.6B GBP (2022)
DESCRIPTION

Meggitt provides engineering group specialising in extreme environment components and smart sub-systems for aerospace, defence and energy markets. Meggitt was founded in 1947 and is based in Coventry, the United Kingdom.

DEAL STATS #
Overall 6 of 6
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 6 of 6
Country: Denmark M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 InVeris Training Solutions

Suwanee, Georgia, United States

InVeris Training Solutions is a provider of integrated virtual and live-fire training systems and services for domestic and international law enforcement customers. InVeris Training Solutions is based in Suwanee, Georgia.

Sell $146M
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