Arxis announced that it has entered into a definitive agreement to acquire Omnetics Connector Corporation and has completed the acquisition of MagCanica Inc., strengthening its position in mission-critical electronic and mechanical components for aerospace, defense, medical technology, and industrial markets.
The combined purchase price for the two acquisitions is approximately $890 million, representing 12x fiscal year 2027 estimated adjusted EBITDA. The transactions expand Arxis’ Electronic Components segment with specialized technologies serving long-duration aerospace, defense, space, and medical programs.
Omnetics, based in Minneapolis, Minnesota, designs and manufactures proprietary high-reliability Micro-D-Sub and Nano-D-Sub connectors and interconnect assemblies used in defense, space, commercial aerospace, and medical applications. The company has built a strong position in markets where size, weight, and reliability are critical requirements.
Under the terms of the agreement, Arxis is acquiring Omnetics in an all-stock transaction. The deal is expected to close during the third quarter of 2026, subject to customary regulatory approvals and closing conditions. Following the transaction, Omnetics will operate within Arxis’ Electronic Components segment.
Arxis also completed its acquisition of MagCanica on June 1, 2026 through an all-cash transaction. MagCanica develops non-contact, high-precision torque sensors designed to operate in extreme environments and high-performance rotating systems. The company will also become part of Arxis’ Electronic Components segment.
The company said the acquisitions demonstrate the value of its partnership with Arcline Investment Management, which provides market research, sourcing capabilities, underwriting expertise, and capital allocation support that help expand Arxis’ acquisition opportunities.
William Blair & Company served as financial advisor to Arxis on the Omnetics transaction, while Vermillion Capital advised Omnetics. Kroll Securities served as financial advisor to MagCanica.
KEY QUOTES:
“The addition of Omnetics and MagCanica reinforces the power of the Arxis–Arcline partnership in creating a repeatable engine of value creation for Arxis as a next-generation industrial compounder.”
Rajeev Amara, Chairman of Arxis and CEO of Arcline
“Omnetics is exactly the kind of business we built Arxis to own. For over 40 years, the company has been the trusted standard in Nano- and Micro-D-Sub connectors for applications where failure is not an option, earning preferred-source positions on long-tenured programs that are highly difficult to replicate.”
Kevin Perhamus, President and Chief Executive Officer of Arxis
“MagCanica’s non-contact torque sensors are highly complementary to our existing military flexible driveshaft capabilities and address a growing need across aerospace and defense for real-time monitoring of mission-critical rotating systems. We see clear runway to cross-sell this technology alongside the Arxis portfolio where operators require precise visibility into performance under heavy loads.”
Kevin Perhamus, President and Chief Executive Officer of Arxis
“Arxis shares our deep commitment to innovation, quality, and the customers who rely on us. Joining Arxis gives us the resources and platform to accelerate investment in our products, our technology, and our people, while continuing to deliver high performance and reliability to our customers.”
Gary Jacobs, President of Omnetics
