CTS Corporation (NYSE:CTS) designs, manufactures, assembles, and sells electronic components and sensors worldwide. The faster growing Components and Sensors segment has found new customers and markets for existing products. Over the past several years the company has also diversified its Electronics Manufacturing Solutions (EMS) segment to markets such as medical, defense and aerospace, and industrial.
On October 3, 2013, CTS announced that Benchmark Electronics, Inc. acquired its Electronics Manufacturing Solutions business for $75 million in cash. The EMS segment had been experiencing a slowdown in revenues in 2013 due to the combination of the firm selectively walking away from some business as well as weakness in certain end markets such as Defense. Here is the link to the ...
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