Business

CTS acquires maker of temperature sensors

Posted February 28, 2022 10:00 pm

LISLE - CTS Corp. said it has completed the acquisition of TEWA Temperature Sensors and its subsidiaries in a transaction valued at $24.5 million.

TEWA, based in Lublin, Poland, is a designer and manufacturer of high-quality temperature sensors. The company has a reputation for highly stable and reliable ceramic technology that has accelerated its growth.

TEWA was founded in 1964 and serves customers across Europe and North America. The company is a strong complement to CTS's temperature sensing platform and will expand CTS's presence in Europe, the company said.

"We are excited to add another talented team to the CTS family," said Kieran O'Sullivan, CEO of CTS. "The acquisition of TEWA supports our end market diversification strategy. The combination of TEWA's distribution network and CTS's direct selling model represent an opportunity to drive commercial synergies."

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