CTS Acquires Temperature Sensors Company

Rhea-AI Summary

CTS Corporation has acquired Sensor Scientific, Inc. (SSI), a temperature sensing company based in New Jersey. Founded in 1983, SSI specializes in manufacturing thermistors and temperature sensor assemblies for OEMs in medical, industrial, and defense markets. This acquisition enhances CTS's temperature sensing product portfolio and strengthens its presence in the medical sector. CEO Kieran O’Sullivan emphasized that SSI’s capabilities align with CTS's strategy of innovative product development, although the financial terms of the deal remain undisclosed.

Positive

• Acquisition expands CTS's temperature sensing product portfolio.
• Strengthens CTS's presence in the medical end market.
• Enhances capabilities with high-quality ceramic processing.
• Provides valuable customer partnerships.

Negative

• None.

LISLE, Ill., Dec. 30, 2020 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) announced that it has acquired Sensor Scientific, Inc. (SSI), a privately held temperature sensing company.

Founded in 1983, Sensor Scientific is a manufacturer of high-quality thermistors and temperature sensor assemblies serving original equipment manufacturers (OEMs) for applications that require precision and reliability in the medical, industrial and defense markets. Sensor Scientific is based in Fairfield, New Jersey with a location in the Philippines.

“The acquisition of SSI expands our temperature sensing product portfolio and builds on our strategy to focus on innovative products that sense, connect and move,” said Kieran O’Sullivan, CEO of CTS Corporation. “SSI has complementary capabilities with our existing temperature sensing platform and expands CTS’ presence in the medical end market. It also provides high quality ceramic processing capabilities and valuable customer partnerships. I am pleased to welcome the SSI team to CTS.”

The terms of the transaction were not disclosed.

About CTS
CTS (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, telecommunications/IT, and transportation markets.

For more information on CTS Corporation, please visit www.ctscorp.com.

About Sensor Scientific, Inc.
Founded in 1983, and headquartered in Fairfield, New Jersey, Sensor Scientific, Inc. (SSI) designs, develops, and manufactures thermistors and temperature sensor assemblies for medical, industrial and defense industries.

For more information on Sensor Scientific, Inc. (SSI), please visit www.sensorsci.com.

Media Relations Contact
Jacqueline Morris
Marketing and Communications Manager
CTS Corporation
4925 Indiana Avenue
Lisle, IL  60532
E-mail: MediaRelations@ctscorp.com
Tel.:  +1 (630) 577-8865 

FAQ

What is the significance of CTS's acquisition of Sensor Scientific?

The acquisition enhances CTS's product portfolio in temperature sensing and strengthens its presence in the medical market.

When was the acquisition of Sensor Scientific by CTS announced?

The acquisition was announced on December 30, 2020.

What are the products offered by Sensor Scientific?

Sensor Scientific specializes in thermistors and temperature sensor assemblies for medical, industrial, and defense applications.

What was the strategic goal behind CTS acquiring Sensor Scientific?

CTS aims to focus on innovative products that sense, connect, and move, leveraging SSI's complementary capabilities.

Is the financial terms of the CTS and Sensor Scientific acquisition disclosed?

No, the financial terms of the transaction were not disclosed.