CTS Corporation has acquired Ferroperm Piezoceramics from Meggitt PLC for 525 million Danish Krone as part of its diversification strategy, enhancing its capabilities in high-performance piezoceramic components for the medical and aerospace sectors.
Information on the Target
Founded in 1952, Ferroperm Piezoceramics is a renowned company specializing in the design and production of advanced piezoceramic components tailored for complex and demanding applications in the medical, industrial, and aerospace sectors. With a commitment to quality and innovation, Ferroperm has gained a reputation for its high-performance piezoceramic technology.
Based in Kvistgaard, Denmark, Ferroperm has successfully established a robust customer base across Europe and North America, ensuring its products meet the diverse needs of various industries.
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CTS Corporation
invested in
Ferroperm Piezoceramics
in 2023
in a Buyout deal
Disclosed details
Transaction Size: $79M