Test and simulation systems and sensors company MTS Systems Corporation (Nasdaq: MTSC) has announced it has agreed to acquire the operating entities of Denmark-based R&D, including R&D Test Systems, R&D Engineering, R&D Steel, R&D Prague, RGDK Engineering Private Limited and R&D Tools and Structures to expand presence in wind energy and aerospace markets, the company said.
R&D brings the following to the MTS portfolio:
-Significantly expands MTS Test & Simulation technology base and market presence for wind energy and aerospace markets globally.
-Provides turn-key project engineering and manufacturing capability to enhance total value to MTS customers world-wide.
-Provides compelling financial profile to enhance MTS revenue growth, margins, earnings and free cash generation.
R&D is a designer and manufacturer of test systems that simulate extreme operating environments often encountered by large, rotating structures, such as wind turbines, and aircraft engine propulsion systems.
MTS Systems Corporation´s testing hardware, software and services solutions help customers accelerate and improve their design, development and manufacturing processes and are used for determining the mechanical behavior of materials, products and structures.