MTS Systems, a global supplier of high-performance test systems and position sensors, has completed the acquisition of 100% of PCB Group for $580 million. PCB is a manufacturer of piezoelectric sensors and components used for vibration, pressure and force measurement.

According to a related 8-K filing, a group of lenders led by JPMorgan Chase as administrative agent provided credit facilities consisting of a $100 million revolver and a $460 million term loan B facility. U.S. Bank and HSBC Bank served as co-documentation agents. Wells Fargo served as syndication agent. J.P. Morgan and Wells Fargo Securities served as joint lead arrangers and joint bookrunners.

Depew, NY-based PCB Group was founded in 1967 as a manufacturer of piezoelectric quartz sensors, accelerometers, and associated electronics for the measurement of dynamic pressure, force and vibration that enhance the productivity, safety, reliability and efficiency of their customers’ products and processes.

Eden Prairie, MN-based MTS Systems’ testing hardware, software and services solutions help customers accelerate and improve their design, development and manufacturing processes and are used for determining the mechanical behavior of materials, products and structures.