Platform formation Oct 2019 Verified
CTS Builds Broad Piezoelectric Ceramic Growth Platform via M&A
CTS has successfully built a broad piezoelectric ceramic growth platform through a series of acquisitions starting before 2016, including single crystal and tape cast technology acquisitions. This platform strategy doubled the serviceable addressable market (SAM) to $1.7B.
“Successfully Built Broad Piezoelectric Ceramic Growth Platform Pre 2016 2016 2017 2018+ Bulk Technology Single Crystal Technology Tape Cast Technology Robust Double-Digit Single-Digit Growth Double-Digit Growth Single-Digit Growth Growth Platform SAM : $714M SAM : $968M $1.7B (>2x SAM )”
Entities
CTS Corp · Platform
Other Sentiment: Positive
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