ITW completed the acquisition of MTS test & simulation business from Amphenol for $750m.

Illinois Tool Works, a designer and manufacturer of fasteners, components, equipment, consumable systems, and a variety of specialty products and equipment, completed the acquisition of MTS test & simulation business from Amphenol, a provider of electrical, electronic and fiber optic connectors, for $750m. “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. This acquisition continues our strategy of driving solid growth and best-in-class returns in businesses where highly innovative, customer-focused solutions are required. We look forward to welcoming the MTS Test & Simulation team to ITW," E. Scott Santi, ITW Chairman and CEO.