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Illinois Tool Works Inc. has agreed to acquire MTS Systems Corporation's Test & Simulation business from Amphenol Corporation, following Amphenol's acquisition of MTS. The deal value was not disclosed.
Amphenol Corporation announced a definitive agreement to acquire MTS Systems Corporation for approximately US$1.7 billion, including the assumption of debt and liabilities.
MTS Systems Corporation's sensor business unit was awarded purchase orders totaling approximately $187 million from the US Department of Defense for advanced technology sensors. Delivery will begin in fiscal 2019 and be completed over five to seven years.