Clearwater International advises R&D Group A/S on its sale of four Danish and two international subsidiaries to Nasdaq listed MTS Systems Corporation
Clearwater International has advised R&D Group A/S, a leading international system supplier of advanced engineering services to blue chip OEMs on its sale of R&D Test Systems A/S, R&D Engineering A/S, R&D Steel A/S, R&D Tools & Structures A/S, R&D Prague (CZ), and RGDK Engineering Private Limited (India) to Nasdaq listed MTS Systems Corporation a testing hardware, software and services provider for approximately $80m.
R&D is a leading international system supplier of advanced engineering services to blue chip OEMs. R&D has built a particular strong market position within the wind energy and aerospace sectors, supplying heavy duty test equipment. The Company was founded in 2005 and today it employs approximately 200 engineers with 7 different nationalities and 9 global locations.
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. MTS’ high-performance sensors provide measurements of vibration, pressure, position, force and sound in a variety of applications. MTS had 3,500 employees as of September, 2019.