MTS Systems Corporation
 | |
| Company type | Subsidiary |
|---|---|
| Nasdaq: MTSC | |
| Industry | Scientific & Technical Instruments |
| Founded | 1966, in Eden Prairie, Minnesota |
| Headquarters | Eden Prairie, Minnesota |
| Products | Testing hardware, Sensing hardware |
| Revenue |  $778.032 million USD (2019) |
| $65.172 million USD (2019) | |
| $61.328 million USD (2019) | |
| Total assets | 1.139 billion USD (2019) |
Number of employees | 3,500 |
| Parent | Illinois Tool Works |
| Website | www |
| Footnotes / references [1] | |
MTS Systems Corporation (MTS) is a 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.[2][3] 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.[4]
Notable Projects
[edit]- Custom built Flat Trac LTRe for the National Tire Research Center in Alton, VA, which displays "...some of the most advanced technology in tire testing and research."[5]
- State-of-the-art 360-degree driving simulator. Commonly referred to as "The World's Most Advanced Driving Simulator"[6]
- First of its kind tuned mass damper for Citigroup Center[7] in New York City and John Hancock Tower[8] in Boston.
- Designed the AWD Slot-Car ride system for Walt Disney Imagineering’s Enhanced motion vehicle ride system.[citation needed]
- Manufacturing and design for Universal Parks & Resorts, including the launch system for the Incredible Hulk Coaster; the ride systems for The Cat in the Hat and Men in Black: Alien Attack at Universal Orlando, Jaws at Universal Studios Japan, and Mario Kart: Bowser's Challenge at Universal Studios Japan, Universal Studios Hollywood and Universal Epic Universe;[9][10] as well as the dinosaurs at Islands of Adventure's Jurassic Park River Adventure.
References
[edit]- ^ "FORM 10-K".
- ^ 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.
- ^ "Amphenol Completes Acquisition of MTS Systems". Businesswire. 7 April 2021. Retrieved 8 April 2021.
- ^ "ITW to Acquire MTS Test & Simulation Business From Amphenol". globenewswire.com (Press release). 19 January 2021. Retrieved 23 March 2021.
- ^ http://www.wset.com/story/19907077/new-center-showcasing-advanced-tire-testing-machine ["New Center Showcasing Advanced Tire Testing Machine"]
- ^ "Lexus shows off World's Most Advanced Driving Simulator". VR-News. 12 Oct 2012. Retrieved 2012-11-02.
- ^ "The Fifty Nine Story Crisis", The New Yorker, May 29, 1995 Archived October 6, 2006, at the Wayback Machine
- ^ Neumann, Peter G. (26 January 1987). "The Risks Digest". The Risks Digest. 4 (43).
- ^ O'Brien, Tim (March 6, 2000). "$70 Million Interactive Ride Set For Universal". Amusement Business. 112 (10): 1, 18.
- ^ 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
Media related to MTS Systems Corporation at Wikimedia Commons
| International | |
|---|---|
| National | |
Categories:
- American companies established in 1967
- Electronics companies of the United States
- Manufacturing companies based in Minnesota
- Companies based in Eden Prairie, Minnesota
- Companies formerly listed on the Nasdaq
- Electronics companies established in 1967
- 1967 establishments in Minnesota
- Sensor manufacturers
- 2021 mergers and acquisitions
- American corporate subsidiaries