mynth
04/2021

MTS SENSORS acquired by AMPHENOL CORPORATION

UNITED STATES Hardware & Electronics / Electronic Components / Sensors & Optics EV $500M–1.5bn

Context

Amphenol Corporation has finalized the acquisition of MTS Systems Corporation, an operation designed to fundamentally expand the group's sensor portfolio across high-growth end markets. The strategic rationale for this transaction centers on a "portfolio-purification" play, merging the target's technical operational depth in magnetostrictive sensing with the group's existing breadth in interconnect and antenna solutions. This fusion effectively creates a specialized powerhouse in the industrial sensing market, providing the group with the necessary hardware to "Surround the System" in advanced automation environments.

MTS SENSORS, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.7x).

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Target

MTS Sensors operates as a premier technology organization dedicated to the design and manufacturing of high-performance sensing solutions for industrial automation and mobile hydraulics. The entity’s business model is centered on a proprietary framework of magnetostrictive sensing technology (marketed under the renowned Temposonics brand) which provides superior precision and reliability in measuring position and liquid levels. Its value proposition is anchored in technical operational depth, offering non-contact sensing hardware that operates effectively in harsh, high-vibration, and high-pressure environments. Strategically, the firm focuses on the mission-critical needs of the semiconductor, aerospace, and energy sectors, ensuring that automated systems achieve maximum efficiency through precise motion control. By maintaining a specialized focus on technical leadership in displacement sensing, the organization ensures a vital role in the structural advancement of the electronics revolution. The entity prioritizes technical agility and industrialized longevity to facilitate the structural safety of global manufacturing infrastructures.

Ent. Value

$500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2021
$250–500M
$50–100M
[members only]
2020
$250–500M
$50–100M
[members only]

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04/2021SENSATA TECHNOLOGIESXIRGO TECHNOLOGIESUNITED STATESSensors & Optics
01/2021TELEDYNE TECHNOLOGIES INCORPORATEDFLIR SYSTEMSUNITED STATESSensors & Optics
12/2020LUNA INNOVATIONS INCORPORATEDOPTASENSEUNITED KINGDOMSensors & Optics
03/2020TE CONNECTIVITYFIRST SENSORGERMANYSensors & Optics
02/2020GLORY GLOBAL SOLUTIONSACRELECFRANCEIT Equipment
10/2019NANOMETRICS INCORPORATEDRUDOLPH TECHNOLOGIESUNITED STATESSemiconductors
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REFERENCES

Valuation range: EV $500M–1.5bn

Revenue range: $250–500M

EBITDA range: $50–100M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MTS SENSORS by AMPHENOL CORPORATION are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: mts sensors

Acquirer: amphenol corporation