Date: 21st Dec 2010
CTS to Acquire Swiss component vendor
CTS Corporation has 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
CTS says the Fordahl product line brings high performance
temperature compensated crystal oscillators (TCXOs) and
voltage controlled crystal oscillators (VCXOs), expanding
CTS' extensive frequency product portfolio from clocks and
crystals to highly-engineered precision ovenized oscillators.
The acquisition adds new customers and opens up new market
opportunities including products for European military applications,
Vinod M. Khilnani, CTS Chairman and Chief Executive Officer,
commented, "We are very pleased to continue our strategic
expansion of electronic components capabilities and technologies.
The Fordahl product line is capable of meeting the most
stringent requirements and now allows CTS to offer products
for the full industrial temperature range for telecommunications
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
Nils Engdahl, President of Fordahl SA, will join CTS as
the European Operations Manager responsible for the full
range of CTS' and Fordahl's combined frequency control products.