Tuesday, November 22, 2011

CTS to acquire Valpey-Fisher for $18 million

CTS Corporation has agreed to buy Valpey-Fisher Corporation, which manufactures frequency-control electronics, for about $18 million in cash. Valpey-Fisher's sales in the last four reported quarters total approximately $15 million.

With the sale CTS will acquire the design and manufacturing of precision crystal oscillators including higher frequency, lower phase noise timing solutions, high performance RF/Microwave components, integrated modules and ultrasonic transducers serving telecommunications, computer, defense and aerospace, instrumentation and industrial markets.

Read the press release here

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