Amphenol acquires MTS Systems
Amphenol completed its acquisition of MTS Systems Corporation in April 2021. The purchase price was $1.7 billion, which valued MTS Systems at $58.50 per share. At the time the deal was announced, MTS Systems was trading at $38.52. The agreement is expected to add $350.0 million in revenue for Amphenol in the first 12 months after closing. As part of this deal, the company sold MTS Systems’ Test and Simulation business to Illinois Tool Works Inc. for $750.0 million
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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