CTS completes acquisition of Ferroperm Piezoceramics for ~$74M (DKK 525M)

CTS CORP

Acquisition closed on June 30, 2022; purchase price of DKK 525M (~$74M at 7.09 DKK/USD).
Ferroperm is a leading supplier of high-performance piezoceramic components for medical, industrial, and aerospace.
CEO Kieran O'Sullivan says deal advances diversification strategy and is expected to be accretive in 2023.
Ferroperm's European base and medical therapeutic experience complement CTS's capabilities.

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