CTS Completes $50M Purchase of Millar Holdings
CTS has closed its $50 million acquisition of Millar Holdings, a maker of advanced pressure sensing technologies, according to Dow Jones Newswires.
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what happened
Technology manufacturer CTS has completed its $50 million acquisition of Millar Holdings, a company focused on advanced pressure sensing technologies. CTS said on Friday that the deal strengthens its position in advanced sensing.
The company also said the purchase price reflects net cash acquired along with debt assumed. The information was reported by Dow Jones Newswires.
why it matters
The deal is relatively small and affects one company, so its impact on the broader market is limited. For CTS investors, it is a step toward expanding in sensing technologies.
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sources
- CTS Completes $50M Acquisition of Millar Holdings — Dow Jones Newswires, 23 October 2026 at 15:27 UTC
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