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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.860+9.4%3:48 PM EST

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To: richardred who wrote (2004)1/25/2011 12:10:15 PM
From: richardred   of 6103
 
CTS Completes Acquisition of Fordahl SA
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Source: BW
Date: 09:09 AM
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01/25 09:09 CTS Completes Acquisition of Fordahl SA

Expands CTS' Precision Frequency Electronic Component Products in Europe

ELKHART, Ind.--(BUSINESS WIRE)--January 25, 2011--

CTS Corporation (NYSE: CTS) today announced the completion of the acquisition of certain assets and liabilities of Fordahl SA, a privately held company located in Brugg, Switzerland. Fordahl is a leader in the design and manufacture of precision frequency crystal oscillators. On December 16, 2010, CTS Corporation announced that it had signed a definitive agreement for this acquisition. The acquisition will expand CTS' technology and customer base within the Components and Sensors segment.

About CTS

CTS is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (EMS) to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS." To find out more, visit the CTS Web site at www.ctscorp.com.
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