LISLE, Ill., October 23, 2026
– CTS Corporation (NYSE: CTS) today announced that it has completed the acquisition of Millar Holdings, Inc.
(“Millar”) for $50 million, net of cash acquired and debt assumed, with additional contingent consideration payable
subject to the achievement of specified financial performance targets. Millar specializes in the design, development,
and manufacturing of advanced pressure sensing technologies for medical devices, life sciences, and industrial
applications. The acquisition strengthens CTS’s position in advanced sensing technologies and expands its presence in
diversified end markets.
“We are excited to welcome the Millar team to CTS,” said Pratik Trivedi, President and Chief Executive Officer of CTS
Corporation. “Millar represents a highly strategic addition to our portfolio, expanding our presence in medical
sensing while adding differentiated technology, talented employees, and strong customer relationships. We believe the
combination will enhance our ability to deliver innovative sensing solutions to customers worldwide and create
long-term value for our shareholders.”
Tim Daugherty, Chief Executive Officer of Millar, added, “Joining CTS marks an exciting new chapter for Millar and an
incredible opportunity to build on everything our team has accomplished over the past 55-plus years. We've always been
passionate about pushing the boundaries of sensor technology and helping our customers bring innovative solutions to
life. With CTS's global reach, complementary technologies, and engineering expertise, we're positioned to accelerate
innovation, expand our capabilities, and create even greater value for the customers and markets we serve.”
About CTS Corporation
CTS is a leading designer and manufacturer of products that Sense, Connect, and Move. The Company manufactures
sensors, connectivity components, and actuators for applications in the aerospace and defense, industrial, medical,
and transportation markets. CTS reported sales of approximately $564 million for the twelve months ended June 30,
2026. More information is available at
www.ctscorp.com
.
Investor Contact:
Ashish Agrawal
Vice President and Chief Financial Officer
CTS Corporation
4925 Indiana Avenue
Lisle, IL 60532 USA
+1 (630) 577-8800
ashish.agrawal@ctscorp.com
Forward-Looking Statements
This press release contains forward-looking statements regarding anticipated benefits of the acquisition, future
growth opportunities, and expected business performance. Actual results may differ materially from those expressed or
implied by such statements due to various risks and uncertainties. CTS undertakes no obligation to update any
forward-looking statements except as required by law.