Arxis Completes the Acquisition of Omnetics Connector Corporation
Arxis, Inc. (NASDAQ: ARXS) said it completed its acquisition of Omnetics Connector Corporation. The deal was based on an agreed enterprise value of about $770 million, with customary closing adjustments. Arxis issued 13,351,964 shares at closing to Omnetics shareholders, about 3.1% of total common stock, subject to lockups. The combined purchase price multiple with a prior MagCanica deal is about 12x FY27 estimated adjusted EBITDA.

