MTS Systems has completed the acquisition of PCB Group for $580 million.

MTS Systems, a leading global supplier of high-performance test systems and position sensors, has completed the acquisition of PCB Group, a manufacturer of piezoelectric sensors and components used for vibration, pressure and force measurement for $580 million. "The combination brings scale to our current Sensors' business with highly complementary sensor products and strong channels to market, balancing the revenue mix between our Test and Sensors segments, while enhancing the margin profile of the company and creating significant cross-selling opportunities across the combined portfolio. We believe MTS is now an even stronger company that will drive meaningful EPS accretion and generate substantial incremental free cash flow over the long term, which will lead to accelerated value creation for our shareholders." Jeffrey Graves, MTS Systems President and Chief Executive Officer