| CTS Acquires Sensor OEM D&R |
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| Written by Mike Buetow | |||
| Monday, 24 December 2012 14:01 | |||
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ELKHART, IN -- CTS has acquired D&R Technology manufacturer of custom designed sensors, switches and electromechanical assemblies for the automotive market. CTS, one of the largest contract electronics manufacturing companies in the world, paid about $63.5 million for privately held D&R, which has annual sales of approximately $50 million. CTS said the deal will enhance its automotive sensor market, adding new customers and a broader product portfolio. D&R has facilities in Carol Stream, IL, and Juarez, Mexico, and approximately 400 employees.
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