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CTS Acquires Industry Leader in Temperature Sensors

Globe Newswire - Mon Feb 28, 2022

LISLE, Ill., Feb. 28, 2022 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) has completed the acquisition of TEWA Temperature Sensors SP. Zo.o. and its subsidiaries for an enterprise value of $24.5 million. TEWA is a reputable designer and manufacturer of high-quality temperature sensors. The company has a reputation for highly stable and reliable ceramic technology that has accelerated its growth.

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