MTS Systems Corporation
| Public | |
| Traded as |
NASDAQ: MTSC S&P 600 Component |
| Industry | Scientific & Technical Instruments |
| Founded | Eden Prairie, Minnesota, 1966 |
| Headquarters | Eden Prairie, Minnesota |
|
Key people
|
Jeff Graves, President & CEO |
| Products | Testing hardware, Sensing hardware |
| Revenue |
 $563.934 million USD (FY2015) |
|
Number of employees
|
2,147 |
| Website | www.mts.com |
MTS Systems Corporation (MTS), incorporated in 1967, is a global supplier of test systems and industrial position sensors located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. The company provides mechanical test systems, material testing, fatigue testing and tensile testing services, as well as motion simulation systems and calibration services. Examples of MTS products include: hydraulic actuators,rolling road simulators, shaker tables and medical testing equipment.
The Company operates in two segments: the Test segment and the Sensors segment. During the fiscal year ended October 1, 2011(fiscal 2011), the Test and Sensors segments represented approximately 80% and 20% of the company's revenue, respectively. The Test segment provides testing solutions, including hardware, software and after market support. The Sensors segment products are used by industrial machinery and mobile equipment manufacturers to automate the operation of their products.
Test Segment
Products produced by this segment are used by customers in their development of products and certain applications to characterize the products' mechanical properties. MTS' test systems simulate forces and motions that customers' products are expected to encounter in use. A test system includes a load frame to hold the prototype specimen, a hydraulic pump or electro-mechanical power source, piston actuators to create the force or motion, and a computer controller with specialized software to coordinate the actuator movement and record and manipulate results. MTS' Test segment sells a variety of accessories and spare parts, along with services that include installation, calibration, maintenance, training and consulting. The Test segment has a range of customers in the United States of America, Europe and Asia, which respectively represent approximately 30%, 30% and 40% of total orders.
Products and customers are grouped into three global markets: Ground Vehicles, Materials and Structures. The Ground Vehicles market consists of automobile, truck, motorcycle, motorsports vehicle, construction equipment, agricultural equipment, rail, and off-road vehicle manufacturers and their suppliers. Test segment system and service products are used in the Ground Vehicles market for the testing of vehicles, subsystems and components. The Materials market covers diverse industries, including power generation, aerospace, vehicles, and bio-medical. Test segment products are sold worldwide through a direct field sales and service organization as well as through independent representatives.
The Company’s products and services support customers in the research and development of products through the physical characterization of materials, such as ceramics, composites and steel. Bio-medical applications include systems to test durability and performance of implants, prostheses, and other medical and dental materials and devices. Structures market serves the structural testing needs in the fields of aerospace, wind energy, structural engineering, and petroleum, among others. The aerospace structural testing market consists of manufacturers of commercial, military, and private aircraft and their suppliers. The wind energy market consists of wind turbine manufacturers and their component suppliers. Structural engineering customers include government agencies, universities and the manufacturers of building materials.
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