Arxis Completes $770 Million Omnetics Acquisition

Arxis completed its acquisition of Omnetics Connector Corporation, closing the deal at an agreed enterprise value of about $770 million and adding a maker of high-reliability miniature connectors to its Electronic Components segment.

The deal closed on August 17, one day before Arxis announced completion. At closing, Arxis issued 13,351,964 shares of Class A common stock to former Omnetics shareholders. Arxis said those shares represented about 3.1% of total common stock as of the closing date and are subject to lockup provisions.

Arxis also funded $8 million of cash escrow accounts under the merger agreement. Its August 18 Form 8-K says the $770 million enterprise value remains subject to customary closing adjustments. The filing also confirms that Omnetics will operate within Arxis’s Electronic Components segment.

Stock consideration keeps the deal tied to Arxis’s public equity

When Arxis first announced the Omnetics agreement in June, it described the acquisition as an all-stock deal and said the sellers wanted public-company stock rather than cash consideration. That structure now leaves the former Omnetics owners with a minority equity position in Arxis rather than a cash exit, although the shares they received are restricted by lockup provisions.

The final share count also reflects the way the merger agreement valued the stock consideration. Arxis said in its completion announcement that, after the recent increase in its share price, it issued about 13.35 million Class A shares. The company did not disclose a new enterprise value for Omnetics, keeping the agreed figure at approximately $770 million before customary closing adjustments.

The deal was originally signed on May 29 through a merger agreement involving Arxis, wholly owned subsidiary Orion Merger Sub, Omnetics and Omnetics President Gary Jacobs as shareholder representative. Arxis had expected the acquisition to close in the third quarter after regulatory approvals and other customary conditions. The August closing puts the acquisition inside that timetable.

Arxis has not published a standalone purchase multiple for Omnetics in the completion announcement. It has, however, said that the combined purchase price for Omnetics and MagCanica was approximately 12 times estimated fiscal 2027 adjusted EBITDA. That figure is based on management estimates and applies to the two acquisitions together, so it should not be read as a disclosed valuation multiple for Omnetics on its own.

Omnetics adds miniature connectors used in demanding applications

Founded in 1984 and based in Minneapolis, Omnetics designs and manufactures micro-miniature and nano-miniature connectors and interconnect systems. Arxis has highlighted the company’s Micro-D-Sub and Nano-D-Sub products, which are used in defense and space, commercial aerospace and medical applications where reducing size and weight cannot come at the expense of reliability.

Omnetics says its miniature connectors are designed and assembled at its Minneapolis plant. Its product range includes Micro-D, Nano-D, circular and other high-reliability connector formats used where conventional interconnect hardware can be too large or heavy for the application. That makes the business a direct fit with Arxis’s focus on proprietary components used in mission-critical systems.

The acquisition expands an Electronic Components business that was already growing before Omnetics joined it. In the first quarter of 2026, Arxis reported Electronic Components revenue of $201.3 million, up 18.5% from a year earlier, with segment adjusted EBITDA of $86.1 million. Arxis attributed the segment’s growth mainly to demand in defense and space and industrial technology.

Omnetics also broadens Arxis’s exposure within electronic hardware without moving the company far from the markets it already serves. The target sells into aerospace, defense, space and medical applications, overlapping with end markets that Arxis has identified as core areas for its existing portfolio. The strategic case presented by Arxis is therefore less about entering a new industry than adding another specialized component platform with long product lives and demanding reliability requirements.

The closing extends Arxis’s acquisition run after its April IPO

Omnetics is the latest in a series of acquisitions for Arxis this year. The company completed its purchase of MagCanica on June 1, adding non-contact torque sensing technology, and closed its acquisition of Blue Line Engineering on July 29, adding precision position sensors and motion-control systems. Omnetics joins both businesses in the Electronic Components segment.

The timing also follows Arxis’s April initial public offering. Arxis completed the IPO on April 17, establishing a publicly traded Class A share currency that the company later used for the Omnetics acquisition. In its June announcement, Arxis explicitly pointed to the sellers’ preference for public-company stock as one of the benefits of its new public structure.

Arxis entered the Omnetics closing with a larger operating base and higher 2026 guidance than it had at the start of the year. For the second quarter, the company reported revenue of $500.7 million, up 25% from the same period in 2025, and adjusted EBITDA of $211 million, up 38%. Adjusted EBITDA is a non-GAAP measure that excludes items including interest, taxes, depreciation, amortization and certain transaction-related costs.

At the end of June, Arxis reported $494.7 million of cash and cash equivalents and net leverage of 1.8 times. The company also raised full-year guidance in July to revenue of $1.96 billion to $1.98 billion and adjusted EBITDA of $790 million to $800 million. The guidance footnote identified Micro-Tronics, MagCanica and Blue Line as included acquisitions; Omnetics was still pending when that forecast was issued.

The August 18 completion announcement did not provide a new full-year forecast, standalone Omnetics revenue or EBITDA, or an estimate of acquisition-related integration costs. For now, the confirmed financial mechanics are the approximately $770 million agreed enterprise value, the 13.35 million Arxis shares issued to former Omnetics holders and the $8 million cash escrow funded at closing.