Amphenol Corporation Announced the Acquisition of Halo Technology and Closing of Sale of MTS Test & Simulation Business
Amphenol Corporation announced that it has acquired Halo Technology Limited for approximately $715 million. Halo is headquartered in Tustin, California with operations in North America and Europe, and is a leading provider of active and passive fiber optic interconnect components for the communications infrastructure markets with expected 2021 sales of approximately $250 million. Consistent with the Company’s acquisition strategy, Amphenol expects the acquisition to be accretive to earnings per share in the first-year post-closing.
Separately, Amphenol also announced the closing of the sale of the MTS Test & Simulation business to Illinois Tool Works Inc. Since the closing of the MTS Systems Corporation transaction earlier this year, Amphenol has reported the Test & Simulation business as a discontinued operation and therefore the closing of the sale will have no impact on Amphenol’s financial results from continuing operations.