Arxis acquires MagCanica for cash, signs $770M stock deal for Omnetics Connector

Filed June 2, 2026 · Period ending May 29, 2026 · ~1 min read

Key Changes

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  Arxis closed all-cash acquisition of MagCanica Inc., a maker of high-precision torque sensors for extreme conditions, expanding its Electronic Components segment product portfolio.

  Item 2.01 view on EDGAR →
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  Arxis signed definitive agreement to acquire Omnetics Connector Corporation for ~$770M in Class A common stock. Omnetics manufactures specialized Micro-D-Sub and Nano-D-Sub connectors for defense, space, aerospace, and medical markets.

  Item 1.01 verify on EDGAR →
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  The all-stock Omnetics deal will dilute existing shareholders. Purchase price has a cap structure with any shortfall below floor value payable in cash; $8M will be held in escrow pending closing conditions.

  Item 1.01 verify on EDGAR →