Consolidation trend Apr 2023 Verified
CTS M&A Strategy for Diversification and Growth
CTS Corporation outlines a strategic approach to M&A as a growth priority, targeting 5% of sales growth from acquisitions. The company has completed 8 acquisitions since 2013 to strengthen customer relationships, expand geographically, enhance technology, and diversify end markets.
“Strategic Approach to M&A Strengthen Customer Relationships Geographical Expansion Enhance Technology Portfolio Attractive Financials Expand End Markets Expand Product & Applications ~ 5% of Sales Growth From M&A Disciplined approach to acquisitions ROI in excess of cost of capital Maintain balance sheet strength Synergistic opportunities Accretive to earnings”
Entities
CTS Corporation · Acquirer
HVACOther Sentiment: Positive
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