CTS Adds Filter Tech Startup
Elkhart-based CTS Corp. (NYSE: CTS) has acquired a technology startup. Chief Executive Officer Kieran O’Sullivan says the deal for Massachusetts-based Filter Sensing Technologies Corp. "puts us in a position to introduce new products and open new markets."
He believes the deal puts the manufacturer on the "cutting edge" and will drive more profitability. "We would like to welcome the FST team to CTS and are very excited to add this new technology to the CTS portfolio. It aligns well with our strategy to focus on innovative products that sense, connect and move."
FST was founded by a pair of MIT Ph. Ds. CTS says the company specializes in radio frequency measurement and control sensors for transportation including cars and commercial and off-road vehicles.