Arxis Acquires Omnetics Connector for $890M
Arxis has entered into a definitive agreement to acquire Omnetics Connector, a designer and manufacturer of proprietary Micro-D-Sub and Nano-D-Sub connectors and interconnect assemblies used in critical defense and space, commercial aerospace, and medical applications. Omnetics, headquartered in Minneapolis, Minnesota, maintains positions across defense and space, commercial aerospace, and medical technology platforms where size, weight, and reliability are mission critical. Omnetics is currently privately held and owned by its long-term shareholders. In addition, Arxis acquired MagCanica, a designer and manufacturer of non-contact, high-precision torque sensors that operate under extreme conditions. MagCanica was previously owned by its founders and employees. The combined purchase price is approximately $890M, representing 12x FY27 estimated adjusted EBITDA.
