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MTS Signs Agreement to Acquire SANS Group
Accelerates Expansion In China
“We are very excited about the SANS acquisition,” said Laura B. Hamilton, CEO. “While MTS has a successful 30-year history in China, SANS’ sales and service capability, product portfolio, and established customer base expands our ability to serve the increasing demand for testing solutions in China and worldwide. We believe MTS, together with the strength of SANS, will be a powerful combination.”
The SANS Group, headquartered in Shenzhen, China, manufactures material testing solutions. Their products include electro-mechanical and static-hydraulic testing machines. Annual sales are approximately $25 million.
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company’s testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS’ high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 1,618 employees and revenue of $421 million for the fiscal year ended September 29, 2007. Additional information on MTS can be found on the worldwide web at http://www.mts.com
This release contains “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. The Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to the factors discussed above, other important risk factors are delineated in the Company’s most recent SEC Form 10-Q and 10-K filings.