Expands CTS’ Highly Engineered Frequency Electronic Component Products
Elkhart, IN CTS Corporation (NYSE: CTS) announced on January 25, 2012, the completion of the acquisition of Valpey-Fisher Corporation, a publicly held company located in Hopkinton, Massachusetts. Valpey-Fisher is a recognized technology leader in the design and manufacture of precision frequency crystal oscillators with annual sales of approximately $15 million. On November 17, 2011, CTS Corporation announced that it had signed a definitive agreement for this acquisition. The acquisition will expand CTS’ technology, and bring strong engineering capabilities and management leadership to support our strategy of double-digit top line growth over the next several years in our Components and Sensors segment.
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