/C O R R E C T I O N -- Arcline Investment Management/

Arxis (NASDAQ: ARXS) announced completion of its previously disclosed acquisition of Omnetics Connector Corporation, based on an agreed enterprise value of approximately $770 million, subject to customary closing adjustments.

Rhea-AI Summary

Arxis (NASDAQ: ARXS) announced completion of its previously disclosed acquisition of Omnetics Connector Corporation, based on an agreed enterprise value of approximately $770 million, subject to customary closing adjustments. Arxis issued 13,351,964 Class A shares to former Omnetics shareholders, representing about 3.1% of total common stock at closing, subject to lockup provisions.

The combined purchase price multiple with the MagCanica acquisition is approximately 12x FY27 estimated adjusted EBITDA. Omnetics, a designer and manufacturer of high‑reliability micro and nano connectors for defense, space, aerospace and medical markets, will operate within Arxis’ Electronic Components Segment. The release also corrects an earlier version that misidentified the source company, which is now updated to Arxis.

Positive

• Acquisition of Omnetics completed at approximately $770 million enterprise value
• 13,351,964 new shares issued with lockup, potentially supporting integration stability
• Combined Omnetics and MagCanica purchase price at about 12x FY27 estimated adjusted EBITDA

Negative

• Issuance of 13,351,964 new Class A shares represents about 3.1% dilution of total common stock at closing

News Market Reaction – ARXS

-1.67%

-1.67% Session close to close

In the Aug 18 session, ARXS declined 1.67%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Historical context included a -0.6% reaction to the prior acquisition announcement, versus strong re...

Analysis

Historical context included a -0.6% reaction to the prior acquisition announcement, versus strong responses to earnings releases. The completed purchase should be weighed against the Class A issuance and the stated transaction multiple.

Key Figures

Enterprise Value: $770 million Shares Issued: 13,351,964 shares Common Stock Portion: 3.1% +2 more

5 metrics

Enterprise Value $770 million Omnetics acquisition, subject to customary closing adjustments

Shares Issued 13,351,964 shares Class A common stock issued to former Omnetics shareholders

Common Stock Portion 3.1% Approximate share of total common stock as of closing

Purchase Price Multiple 12x FY27 estimated adjusted EBITDA Combined purchase price multiple with MagCanica

Assets Under Management Over $30 billion Arcline Investment Management

Historical Context

5 past events · Latest: Jul 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 29	Second-quarter earnings	Positive	+15.3%	Raised full-year guidance alongside higher revenue and adjusted EBITDA
Jul 16	Earnings release scheduling	Neutral	+4.0%	Scheduled second-quarter results and webcast dates
Jun 02	Acquisition announcement	Neutral	-0.6%	Announced Omnetics and MagCanica acquisitions with combined purchase price
May 27	First-quarter earnings	Positive	+17.8%	Reported record results and initiated full-year guidance
May 14	Earnings release scheduling	Neutral	-4.2%	Scheduled first-quarter results and webcast dates

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive earnings releases were followed by strong positive reactions, while the prior acquisition announcement produced a slightly negative reaction.

Key Terms

enterprise value, adjusted ebitda, lockup provisions

3 terms

enterprise value financial

"The transaction was based on an agreed enterprise value of approximately $770 million"

Enterprise value is the total worth of a company, reflecting what it would cost to buy the entire business. It includes the company's market value plus any debts, minus its cash holdings, offering a comprehensive picture of its true value. Investors use it to compare companies regardless of their capital structures, helping them assess how much they would need to pay to acquire the business.

View in glossary

adjusted ebitda financial

"12x FY27 estimated adjusted EBITDA"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

lockup provisions regulatory

"which are subject to lockup provisions"

Lockup provisions are contractual limits that prevent company insiders and early investors from selling their shares for a set period after a stock offering or major corporate event. They matter to investors because they temporarily restrict the number of shares that can enter the market—like a “do-not-sell” sticker—reducing immediate supply and helping stabilize the stock price until the restriction expires.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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In the news release, Arxis Completes the Acquisition of Omnetics Connector Corporation, issued 18-Aug-2026 by Arcline Investment Management over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

Arxis Completes the Acquisition of Omnetics Connector Corporation

BLOOMFIELD, Conn., Aug. 18, 2026 /PRNewswire/ -- Arxis, Inc. (NASDAQ: ARXS) (the "Company" or "Arxis"), a publicly traded industrial compounder formed in partnership with Arcline Investment Management ("Arcline"), today announced that it has completed its previously announced acquisition of Omnetics Connector Corporation ("Omnetics"). The transaction was based on an agreed enterprise value of approximately $770 million, subject to customary closing adjustments. At closing and considering the recent increase in the Company's share price, Arxis issued 13,351,964 shares of its Class A common stock to the former Omnetics shareholders (approximately 3.1% of total common stock as of the closing date), which are subject to lockup provisions. As previously announced, the combined purchase price multiple with the MagCanica acquisition is approximately 12x FY27 estimated adjusted EBITDA.

Omnetics, headquartered in Minneapolis, Minnesota, is a leading designer and manufacturer of proprietary high-reliability Micro-D-Sub and Nano-D-Sub connectors and interconnect assemblies used in critical defense and space, commercial aerospace, and medical applications where size, weight, and reliability are mission critical. Omnetics will operate within Arxis' Electronic Components Segment.

The Omnetics acquisition reflects the differentiated value of the Arxis–Arcline partnership. Arcline provides Arxis with institutional capabilities that complement Arxis' operating expertise, including research-driven market mapping, proprietary sourcing access, disciplined underwriting, and proven capital allocation expertise. These capabilities, which are difficult for a standalone strategic acquiror to replicate, expand Arxis' addressable acquisition universe and strengthen its ability to acquire and integrate high-quality businesses with leading positions on long-duration platforms.

William Blair & Company, L.L.C. served as financial advisor to Arxis and Vermillion Capital served as advisor to Omnetics.

About Arxis
Arxis is a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components for aerospace and defense, medical technology, and specialized industrial markets. Leveraging significant intellectual property and world-class engineering and operational capabilities, Arxis designs and delivers innovative solutions that address its customers' most complex performance needs. Arxis is a portfolio company of Arcline Investment Management. For more information, visit www.arxis.com.

About Arcline Investment Management
Arcline Investment Management is a private investment firm with over $30 billion in assets under management. Arcline seeks to build the next generation of Industrial Compounders – market-leading, non-disruptible industrial platforms designed to consistently grow earnings over decades. For more information visit www.arcline.com.

About Omnetics Connector Corporation
Founded in 1984, Omnetics designs and manufactures micro-miniature and nano-miniature high reliability connectors and interconnect systems for aerospace, defense, space, medical and industrial customers worldwide. Since its inception, Omnetics has been at the forefront of innovation and excellence in the world of connectors and interconnect solutions. For more information, visit www.omnetics.com.

Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may contain words and terms such as: "anticipate," "could," "believe," "continue," "expect," "estimate," "forecast," "ongoing," "project," "seek," "predict," "target," "will," "intend," "plan," "look ahead," "optimistic," "potential," "guidance," "may," "should," or "would" and other words and terms of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about FY27 estimated adjusted EBITDA, the anticipated benefits of the acquisition, and other matters. These statements are only predictions, and such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. Risks and uncertainties include, but are not limited to: (i) the risk that the expected benefits of the acquisition may not be realized or may take longer to realize than expected and (ii) unanticipated difficulties or expenditures relating to the integration of the acquisition. The actual financial impact of the acquisition may differ from the expected financial impact described in this press release. The foregoing list of risk factors is not exhaustive. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect Arxis' business, particularly those identified in the risk factor discussion in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Arxis undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. The forward-looking statements made in this communication relate only to events as of the date on which the statements are made.

Contacts

Investor Relations 
ir@arxis.com
+1 860-243-7100 (Select 1 for Arxis)

Media
Kate Thompson / Tim Ragones / Alexander Wolfsohn
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

Correction: An earlier version of this release incorrectly listed the source company. The source has been updated to 'Arxis'.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/arxis-completes-the-acquisition-of-omnetics-connector-corporation-302854063.html

SOURCE Arxis

FAQ

What did Arxis (NASDAQ: ARXS) announce about the Omnetics acquisition on August 18, 2026?

Arxis announced it has completed its previously disclosed acquisition of Omnetics Connector Corporation. According to Arxis, the deal is based on an agreed enterprise value of about $770 million, with Omnetics joining Arxis’ Electronic Components Segment focused on high‑reliability connectors.

What is the enterprise value of the Omnetics acquisition by Arxis (ARXS)?

The Omnetics acquisition is based on an agreed enterprise value of approximately $770 million. According to Arxis, this value is subject to customary closing adjustments and reflects Omnetics’ position in defense, space, commercial aerospace, medical and industrial high‑reliability connector markets.

How many Arxis (ARXS) shares were issued to Omnetics shareholders in the acquisition?

Arxis issued 13,351,964 shares of its Class A common stock to former Omnetics shareholders at closing. According to Arxis, these shares equal roughly 3.1% of total common stock on the closing date and are subject to lockup provisions restricting immediate sale.

What valuation multiple did Arxis (ARXS) disclose for the Omnetics and MagCanica acquisitions?

Arxis indicated that the combined purchase price multiple for Omnetics and the MagCanica acquisition is about 12x FY27 estimated adjusted EBITDA. According to Arxis, this multiple is based on forward-looking adjusted earnings expectations for fiscal year 2027 across both acquired businesses.

How will Omnetics Connector Corporation operate within Arxis (ARXS) after the acquisition?

Omnetics will operate within Arxis’ Electronic Components Segment after closing. According to Arxis, Omnetics brings proprietary high‑reliability Micro‑D‑Sub and Nano‑D‑Sub connectors used in critical defense, space, commercial aerospace and medical applications where size, weight and reliability are mission‑critical.

What correction did Arxis (ARXS) make regarding the Omnetics acquisition news release?

The company corrected an earlier version of the release that listed the wrong source company. According to Arxis, the source attribution has been updated so that Arxis is correctly identified as the issuing company for the Omnetics acquisition announcement.