RTTNews | Jan 19, 2021 08:09AM EST

08:08 Tuesday, January 19, 2021 (RTTNews.com) - 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.

Read the original article on RTTNews ( https://www.rttnews.com/3161441/illinois-tool-works-to-acquire-mts-systems-test-simulation-business-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved