WASHINGTON (dpa-AFX) - Illinois Tool Works Inc. (ITW) and Amphenol Corporation (APH) have entered into an agreement under which ITW will acquire MTS Systems' (MTSC) Test & Simulation business, following the closing of Amphenol's acquisition of MTS. Amphenol's acquisition of MTS is anticipated to close by the middle of 2021.
'MTS's Test & Simulation business is highly complementary to our existing Test & Measurement and Electronics business and positions us in new and attractive industry verticals,' said E. Scott Santi, ITW's Chairman and CEO.
Copyright RTT News/dpa-AFX
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