# CTS Corporation to acquire Ferroperm Piezoceramics for DKK 525 million

CTS Corporation has signed a definitive agreement to acquire Meggitt A/S (Ferroperm Piezoceramics) from Meggitt PLC for DKK 525 million in cash. Ferroperm specializes in high-performance piezoceramic components for medical, industrial, and aerospace applications.

- Type: Acquisition
- Announced: 2022-04-12
- Where: Kvistgaard, Denmark, Denmark
- Value: $76.0M (525.0M DKK)
- Status: announced
- Products: piezoceramic components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Medical Devices](https://endata.com/sectors/medical-devices.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Meggitt](https://endata.com/companies/1177.md) (partner)
- [CTS Corp.](https://endata.com/companies/24326.md) (acquirer)
- [Ferroperm Piezoceramics](https://endata.com/companies/62240.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/cts-to-acquire-ferroperm-piezoceramics-2022-04-12), 2022-04-12: "Ferroperm represents a great addition to our expanding piezoceramic business and advances our diversification."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.