EDEN PRAIRIE, MN --- MTS Systems Corporation has completed the acquisition of 100% of PCB Group, Inc. ("PCB") for $580 million. PCB is a manufacturer of piezoelectric sensors and components used for vibration, pressure and force measurement. PCB is a global leader in the design, manufacture and distribution of sensor technologies that both enhance the performance of its customers' products, and enable those products to enter the market more rapidly and reliably.
PCB Group Inc., headquartered in Depew, New York, was founded in 1967 as a manufacturer of piezoelectric quartz sensors, accelerometers, and associated electronics for the measurement of dynamic pressure, force, and vibration that enhance the productivity, safety, reliability and efficiency of their customers' products and processes. PCB Group Inc. had 1,168 employees as of December 31, 2015.
About MTS Systems Corporation
MTS Systems Corporation's testing hardware, software and services solutions help customers accelerate and improve their design, development and manufacturing processes and are used for determining the mechanical behavior of materials, products and structures. MTS high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,400 employees as of October 3, 2015 and revenue of $564 million for the fiscal year ended October 3, 2015.
Additional information can be found at http://www.mts.com