EX-99.1
7
a08-24872_1ex99d1.htm
EX-99.1
Exhibit 99.1
News Release
FOR IMMEDIATE RELEASE
For More Information
Contact:
October 2, 2008
Sue Knight, Vice
President and CFO
(952) 937-4000
MTS Complete
s
Acquisition of
SANS Group
Eden Prairie, Minnesota,
October 2, 2008
- MTS Systems
Corporation (NASDAQ: MTSC) today announced that it has acquired the assets of
SANS Group (SANS), a privately held company based in Shenzhen, China. The value
of the transaction is approximately $43.6 million.
"SANS
is an excellent strategic complement to our Test business", said Laura B.
Hamilton, Chair and Chief Executive Officer. "Their capabilities will help to
accelerate MTS' growth in China while also broadening MTS' product offering
worldwide. Together, we are committed to building confidence in product performance
in the global materials market".
SANS
has manufacturing facilities in Shenzhen and Shanghai, China.
About MTS Systems Corporation
MTS
Systems Corporation is a leading global supplier of test systems and industrial
position sensors. The Company's testing
hardware and software 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. MTS'
high-performance position sensors provide controls for a variety of industrial
and vehicular applications. MTS had 1,575 employees and revenue of $410 million
for the fiscal year ended September 29, 2007. Additional information on
MTS can be found on the worldwide web at http://www.mts.com.
This release contains "forward-looking
statements" made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995 that are subject to certain risks and
uncertainties, as well as assumptions, that could cause actual results to
differ materially from historical results and those presently anticipated or
projected. The Company does not undertake any obligation to publicly update or
revise any forward-looking statement, whether as a result of new information,
future events or otherwise. In addition to the factors discussed above, other
important risk factors are delineated in the Company's most recent SEC Form 10-Q
and 10-K filings.

EX - 99 . 1 7 a08 - 24872 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 News Release FOR IMMEDIATE RELEASE For More Information Contact : October 2 , 2008 Sue Knight , Vice President and CFO ( 952 ) 937 - 4000 MTS Complete s Acquisition of SANS Group Eden Prairie , Minnesota , October 2 , 2008 - MTS Systems Corporation ( NASDAQ : MTSC ) today announced that it has acquired the assets of SANS Group ( SANS ) , a privately held company based in Shenzhen , China . The value of the transaction is approximately $ 43.6 million . " SANS is an excellent strategic complement to our Test business " , said Laura B . Hamilton , Chair and Chief Executive Officer . " Their capabilities will help to accelerate MTS ' growth in China while also broadening MTS ' product offering worldwide . Together , we are committed to building confidence in product performance in the global materials market " . SANS has manufacturing facilities in Shenzhen and Shanghai , China . About MTS Systems Corporation MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors . The Company ' s testing hardware and software 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 . MTS ' high - performance position sensors provide controls for a variety of industrial and vehicular applications . MTS had 1,575 employees and revenue of $ 410 million for the fiscal year ended September 29 , 2007 . Additional information on MTS can be found on the worldwide web at http://www.mts.com . This release contains " forward - looking statements " made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties , as well as assumptions , that could cause actual results to differ materially from historical results and those presently anticipated or projected . The Company does not undertake any obligation to publicly update or revise any forward - looking statement , whether as a result of new information , future events or otherwise . In addition to the factors discussed above , other important risk factors are delineated in the Company 's most recent SEC Form 10 - Q and 10 - K filings .