CTS to Acquire Fordahl SA

CTS Corporation CTS today announced it has reached a definitive agreement to acquire certain assets and liabilities of Fordahl SA, a privately held company located in Brügg, Switzerland. Revenues are initially estimated at $5 million in 2011 and are expected to grow double-digit over the next several years. The agreement is subject to the approval of Fordahl shareholders and certain conditions typical of an acquisition of this type. CTS expects the transaction to close within the next 30 days.