Baker McKenzie advised CTS Corporation ("CTS"), a leading designer and manufacturer of sensors, actuators and electronic components, on the acquisition of Swiss-based maglab AG ("maglab"), a company with expertise in magnetic system design, primarily focused on custom current sensing and position sensing solutions.
With this purchase, CTS strengthens its electrification portfolio as maglab has in-depth expertise in magnetic system design and current measurement solutions for use in e-mobility, industrial automation and renewable energy applications. This expertise, coupled with CTS' commercial, technical and operational capabilities will position the company to advance its status as a recognized innovator in electric motor sensing and controls markets.
Founded in 1896, CTS (NYSE: CTS) is a leading designer and manufacturer of sensors, actuators and electronic components in North America, Europe and Asia. CTS provides solutions to OEMs in the aerospace, communications, defense, industrial, information technology, medical and transportation markets.
Baker McKenzie Switzerland advised CTS on all legal aspects of the acquisition.
Led by counsel Matthias Trautmann (M&A, Zurich) and partner Olha Demianiuk (M&A, Geneva), the Baker McKenzie team included the following team members:
- M&A: Benedikt Rutscheidt (associate), Pascal Dorier (trainee lawyer)
- Employment: Christoph Stutz (partner)
- Intellectual Property: Julia Schieber (partner)