Illinois Tool Works To Acquire MTS Test & Simulation Business
January 19 2021 - 8:51AM
Dow Jones News
By Michael Dabaie
Illinois Tool Works Inc. said it would acquire MTS Systems
Corp.'s Test & Simulation business following the closing of
Amphenol Corp.'s acquisition of MTS.
"MTS's Test & Simulation business is highly complementary to
our existing Test & Measurement and Electronics business and
positions us in new and attractive industry verticals," said ITW
Chief Executive E. Scott Santi.
Amphenol's acquisition of MTS is expected to close by the middle
of 2021. ITW's acquisition of the MTS Test & Simulation
business from Amphenol is expected to close after Amphenol closes
the MTS deal. ITW said it didn't disclose the terms of the
transaction.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 19, 2021 08:36 ET (13:36 GMT)
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