Arxis corrects terms of Omnetics deal, values acquisition at about $770 million

Reuters2026/08/18 13:32

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Arxis issued a corrected version of its Aug. 18, 2026 release on completing the Omnetics Connector acquisition.
Correction states the deal was valued at about $770 million enterprise value, subject to customary closing adjustments.
At closing, Arxis issued 13,351,964 Class A shares to former Omnetics shareholders, about 3.1% of total common stock.
Updated disclosure cites a combined purchase price multiple of about 12x FY27 estimated adjusted EBITDA, including MagCanica.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arxis Inc. published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Arxis corrects terms of Omnetics deal, values acquisition at about $770 million

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