Davis Polk is advising JP Morgan as financial adviser to MTS Systems Corporation in connection with its $580 million acquisition of PCB Group, Inc. The closing of the transaction, which is expected to occur in MTS Systems Corporation’s fourth fiscal quarter that ends October 1, 2016, is subject to regulatory approvals and other customary closing conditions.

MTS Systems Corporation is a leading global supplier of high-performance test systems and position sensors. PCB Group, Inc. is a global leader in the design, manufacture and distribution of sensor technologies that both enhance the performance of its customers’ products, and enable those products to enter the market more rapidly and reliably.

The Davis Polk corporate team includes partner Alan F. Denenberg and associate Max Brunner. All members of the Davis Polk team are based in the Northern California office.

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