CTS - Mergers and acquisitions

LISLE, Ill., Feb. 28, 2022 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) has completed the acquisition of TEWA Temperature Sensors SP. Zo.o. and its subsidiaries for an enterprise value of $24.5 million. TEWA is a reputable designer and manufacturer of high-quality temperature sensors. The company has a reputation for highly stable and reliable ceramic technology that has accelerated its growth. Based in Lublin, Poland, TEWA was founded in 1964 and serves customers across Europe and North America. The company is a strong complement to CTS's temperature sensing platform and will expand CTS's presence in Europe. "We are excited to add another talented team to the CTS family," said Kieran

LISLE, Ill., Dec. 30, 2020 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) announced that it has acquired Sensor Scientific, Inc. (SSI), a privately held temperature sensing company. Founded in 1983, Sensor Scientific is a manufacturer of high-quality thermistors and temperature sensor assemblies serving original equipment manufacturers (OEMs) for applications that require precision and reliability in the medical, industrial and defense markets. Sensor Scientific is based in Fairfield, New Jersey with a location in the Philippines. “The acquisition of SSI expands our temperature sensing product portfolio and builds on our strategy to focus on innovative products that sense, connect and m