MTS Systems Corporation

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MTS Systems Corporation
TypeSubsidiary of Amphenol
IndustryScientific & Technical Instruments
FoundedEden Prairie, Minnesota, 1966
HeadquartersEden Prairie, Minnesota
Key people
Randy Martinez, President & CEO (Interim)
ProductsTesting hardware, Sensing hardware
RevenueIncrease$778.032 million USD (2019)
Increase$65.172 million USD (2019)
Increase $61.328 million USD (2019)
Total assetsIncrease 1.139 billion USD (2019)
Number of employees
3,500
Websitewww.mts.com
Self-tight jaws by MTS

MTS Systems Corporation (MTS) is a global supplier of test systems and industrial position sensors. The company provides test and measurement products to determine the performance and reliability of vehicles, aircraft, civil structures, biomedical materials and devices and raw materials. Examples of MTS products include: aerodynamics simulators, seismic simulators, load frames, hydraulic actuators and sensors. The company operates in two divisions: Test and Sensors.

In December 2020, Amphenol Corporation announced it had reached an agreement to acquire MTS in an acquisition completed on April 7, 2021.[1][2] In January 2021, ITW announced it had in turn reached an agreement to acquire the test and simulation business of MTS from Amphenol in the future.[3]

Test Division[edit]

MTS designs and produces test systems to simulate the forces and motions that materials, products and structures are expected to encounter. The Test division has customers in the Americas, Europe and Asia, which respectively represent approximately 30%, 30% and 40% of total orders. Products and customers are grouped into three global segments: Ground Vehicles, Materials and Structures.

The Ground Vehicles segment consists of automobile, truck, motorcycle, motorsports vehicle, construction equipment, agricultural equipment, rail, and off-road vehicle manufacturers and their suppliers. MTS test system and service products are used for the testing of vehicles, subsystems and components.

The Materials segment covers diverse industries, including raw material manufacturing, power generation, aerospace, vehicles, geomaterials, biomaterials and biomedical devices, consumer products and construction materials. The company's products and services support customers in research and development and QA/QC testing of products through the physical characterization of materials, such as ceramics, composites and steel. Biomedical applications include systems to test durability and performance of implants, prostheses, and other medical materials and devices.

The Structures segment serves the structural testing needs in the fields of aerospace, wind energy, structural engineering, and petroleum, among others. The aerospace structural testing market consists of manufacturers of commercial, military, and private aircraft and their suppliers. The energy market consists of wind turbine manufacturers and their component suppliers and the oil and gas industry. Structural engineering customers include government agencies, universities and the manufacturers of building materials.[citation needed]

Sensors Division[edit]

The industries that use MTS Sensors include manufacturers of plastic injection molding machines, steel mills, fluid power, oil and gas, medical, wood product processing equipment, mobile equipment and alternative energy. Sensors division products are also used to measure fluid displacement, such as liquid levels for customers in the process industries. The Sensors division manufactures products utilizing magnetostriction technology. MTS has developed an implementation of the technology, known as Temposonics. The Sensors division has a range of customers in the Americas, Europe and Asia that represent approximately 25%, 50% and 25% of orders, respectively. With the acquisition of PCB Group Inc. in 2016, MTS has increased Sensor products and presence.

PCB Piezotronics, Inc. is a designer and manufacturer of microphones, vibration, pressure, force, torque, load, and strain sensors, as well as the pioneer of ICP technology used by design engineers and predictive maintenance professionals worldwide for test, measurement, monitoring, and control requirements in automotive, aerospace, industrial, R&D, military, educational, commercial, OEM applications, and more.[4]

In June 2021 MTS Sensors began operating under the name Temposonics following Amphenol's acquisition of MTS Systems earlier that year. https://www.temposonics.com/NewsEvents/PressReleases/04-06-21---temposonics-rebranding

Notable Projects[edit]

References[edit]

  1. ^ Jones, Carter (9 December 2020). "MTS Systems acquired by cable manufacturer for $1.7 billion, stock soars". Minneapolis / St. Paul Business Journal. Retrieved 23 March 2021.
  2. ^ "Amphenol Completes Acquisition of MTS Systems". Businesswire. 7 April 2021. Retrieved 8 April 2021.
  3. ^ "ITW to Acquire MTS Test & Simulation Business From Amphenol". globenewswire.com. 19 January 2021. Retrieved 23 March 2021.
  4. ^ "MTS Systems Corp (MTSC.O)". Reuters. 1 Nov 2012. Archived from the original on 14 February 2015. Retrieved 2012-11-02.
  5. ^ http://www.mts.com/en/about/news/mtsnews/MTS_4036588 ["MTS Installs Latest Seismic Simulation Systems at Earthquake Engineering Facility in Taiwan"]
  6. ^ "MTS - News Releases". www.mts.com.
  7. ^ "MTS - News Releases". www.mts.com.
  8. ^ "MTS - News Releases". www.mts.com.
  9. ^ http://www.wset.com/story/19907077/new-center-showcasing-advanced-tire-testing-machine ["New Center Showcasing Advanced Tire Testing Machine"]
  10. ^ "Lexus shows off World's Most Advanced Driving Simulator". VR-News. 12 Oct 2012. Retrieved 2012-11-02.
  11. ^ "The Fifty Nine Story Crisis", The New Yorker, May 29, 1995 Archived October 6, 2006, at the Wayback Machine
  12. ^ Neumann, Peter G. "The Risks Digest". The Risks Digest.
  13. ^ O'Brien, Tim (March 6, 2000). "$70 Million Interactive Ride Set For Universal". Amusement Business. 112 (10): 1, 18.
  14. ^ Emmons, Natasha (March 5, 2001). "No expense spared to wow locals with park attractions". Amusement Business. 113 (9): 18.

External links[edit]

    • Historical business data for MTS Systems Corporation:
    • SEC filings