| CTS Purchases Tusonix |
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| Thursday, 24 January 2008 05:41 | |||
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ELKHART, IN – CTS Corp. will acquire privately held Tusonix Inc. for $12.25 million cash. The deal is expected to close by the end of January. No other terms were disclosed. Tusonix designs and manufactures ceramic EMI/RFI filters, capacitor assemblies and related components, serving the military, industrial, instrumentation and telecom markets. The company operates from facilities in Tucson, AZ and Nogales, Mexico. First year sales are estimated at approximately $15 million. The worldwide market for the acquired products is estimated to exceed $100 million. CTS provides EMS services and builds automotive components.
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