Divestiture • Test/Measurement Equipment

ITW Acquires MTS Systems - Test & Simulation Business

On January 19, 2021, ITW acquired test/measurement equipment company MTS Systems - Test & Simulation Business from MTS Systems

Acquisition Context
  • This is ITW’s 4th transaction in the Test/Measurement Equipment sector.
  • This is ITW’s 31st transaction in the United States.
  • This is ITW’s 3rd transaction in Connecticut.

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M&A Deal Summary

Date January 19, 2021
Target MTS Systems - Test & Simulation Business
Sector Test/Measurement Equipment
Buyer(s) ITW
Sellers(s) MTS Systems
Deal Type Divestiture

Target Company

MTS Systems - Test & Simulation Business

Wallingford, Connecticut, United States
MTS Testing and Simulation is a highly innovative, customer-focused solution that can help bring them to life with speed, efficiency, and confidence.
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Buyer Overview 1

Buyer

ITW

Glenview, Illinois, United States

Category Company
Founded 1912
Sector Manufacturing
Employees44,000
Revenue 15.9B USD (2024)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.


Deal Context for Buyer #
Overall 48 of 48
Sector: Test/Measurement Equipment 4 of 4
Type: Divestiture 6 of 6
State: Connecticut 3 of 3
Country: United States 31 of 31
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Kester

Itasca, Illinois, United States

Kester, Inc. is a provider of assembly materials to the electronic assembly, component and micro-electronic marketplaces. Kester products include an array of basic and high-tech attachment materials including traditional soldering chemicals, bar, and wire solder and paste products. Kester, Inc. was founded in 1899 and is based in Itasca, Illinois.

Sell $68M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 Kiwiplan

Cincinnati, Ohio, United States

Kiwiplan is a developer and provider of powerful, industry specific software solutions for the corrugated and packaging industry.

Sell -

Seller Profile 1

SELLER

MTS Systems

Eden Prairie, Minnesota, United States

Category Company
Founded 1966
Sector Test/Measurement Equipment
Employees3,500
Revenue 893M USD (2019)
DESCRIPTION
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.


Deal Context for Seller #
Overall 2 of 2
Sector: Test/Measurement Equipment 2 of 2
Type: Divestiture 2 of 2
State: Connecticut 1 of 1
Country: United States 2 of 2
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 R&D A/S

Hinnerup, Denmark

R&D A/S is a designer and manufacturer of test systems that accurately simulate the extreme operating environments often encountered by large, rotating structures, such as wind turbines, and aircraft engine propulsion systems. R&D was founded in 2005 and is based in Hinnerup, Denmark.

Buy -