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© blacksnake dreamstime.com Electronics Production | December 28, 2012

CTS acquires D&R Technology, LLC

CTS Corporation acquires D&R Technology (D&R), a privately-held company with annual sales of approximately USD 50 million.
CTS acquired D&R for a cash purchase price of approximately USD 63.5 million.

D&R, founded in 1998, operates Lean Manufacturing facilities in Carol Stream, Illinois and Juarez, Mexico, with approximately 400 employees.

Vinod Khilnani, CTS Chairman and Chief Executive Officer, stated, “This is a significant strategic acquisition for CTS. We are delighted to welcome D&R into the CTS family. It is an excellent fit and a synergistic addition to our faster growing Components and Sensors segment, bringing exciting new growth opportunities.”

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