Arxis agrees to acquire Omnetics in ~$770M all-stock deal; closes MagCanica acquisition

Arxis, Inc.

Aggregate consideration for Omnetics ~$770M in Class A common stock, with lockup provisions; expected close Q3 2026.
Combined purchase price for both acquisitions ~$890M, or 12x FY27 estimated adjusted EBITDA.
MagCanica acquisition closed June 1, 2026, in an all-cash transaction; both will operate in Electronic Components segment.
Omnetics designs high-reliability connectors for defense, aerospace, and medical; MagCanica makes non-contact torque sensors.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Arxis, Inc. entered into Agreement and Plan of Merger with Omnetics Connector Corporation valued at approximately $770,000,000 (effective 2026-05-29).

Action: entry
Agreement: merger
Counterparty: Omnetics Connector Corporation
Value: approximately $770,000,000
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, Arxis, Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Orion Merger Sub, Inc., a Minnesota corporation and a wholly owned subsidiary of Arxis (the “Merger Sub”), Omnetics Connector Corporation, a Minnesota corporation (“Omnetics”), and Gary Jacobs, President of Omnetics, in his capacity as shareholder representative (the “Shareholder Representative”).

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Arxis, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-252459

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