Announced
Completed
Synopsis
CTS, a designer and manufacturer of sensors, completed the acquisition of TEWA Temperature Sensors, a manufacturer of high-quality temperature sensors, for $33m. “We are eager to begin the next stage of TEWA’s journey as part of CTS Corporation. The temperature sensing industry is a vital contributor to advances in many sectors, and the ability to leverage the expertise across both organizations will further solidify our technical leadership. The TEWA team is delighted to join CTS Corporation, a global company with such a long and distinguished history,” Jacek Stachnik, TEWA Chairman.
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