CTS Corporation completed the acquisition of Ferroperm Piezoceramics from Meggitt for $77m.

CTS Corporation, an electronic component manufacturing company, completed the acquisition of Ferroperm Piezoceramics, a ceramic sensor materials manufacturer, from Meggitt, an aerospace company, for $77m. “The completion of this acquisition represents another step forward in our diversification strategy. Ferroperm’s presence in Europe and experience in medical therapeutic markets complement our capabilities. We look forward to leveraging the technical expertise of both teams to enhance our product offering and accelerate growth. We expect the acquisition to be accretive in 2023,” Kieran O’Sullivan, CTS Corporation CEO.