Arxis Acquires Omnetics and MagCanica for $890 Million


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Arxis Announces Strategic Acquisitions of Omnetics and MagCanica
BLOOMFIELD, Conn. - Arxis, Inc. (NASDAQ: ARXS), an industrial compounder operating in partnership with Arcline Investment Management, has announced a major expansion through the acquisition of two specialized technology firms, Omnetics Connector Corporation and MagCanica Inc. The combined purchase price for these transactions is approximately $890 million, reflecting a valuation of 12x FY27 estimated adjusted EBITDA.
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