CTS acquires D&R Technology, LLC

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.”