CTS Corporation acquires D&R Technology for $63.5M CTS Corporation announced the acquisition of D&R Technology, a privately-held company with annual sales of approximately $50M. D&R is a manufacturer of custom designed sensors, switches and electromechanical assemblies serving the automotive light-vehicle market. CTS acquired D&R for a cash purchase price of approximately $63.5 M. Management expects the transaction to be accretive to CTS' earnings in the first year.
CTS Corporation sees FY15 adj. EPS 98c-$1-10, one estimate 95c Sees FY15 revenue $400M-$430M million. Currency continues to be a concern and may unfavorably impact Managementís guidance by 2-3% on sales and 5c-8c on earnings.