# Who does Illinois Tool Works Inc. pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/illinois-tool-works · Facet: suppliers · Updated: 2026-09-11T22:25:34.486817+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Illinois Tool Works Inc.'s confirmed suppliers/cost counterparties include Microsoft plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-09-11).

### MTS 테스트 앤 시뮬레이션 (high)
- metric: Contract value $750M · acquisition completed 2021-12-01 · Purchase price for the MTS Test & Simulation business
- note: ITW acquired the MTS Test & Simulation business from Amphenol and placed it in the Test & Measurement and Electronics segment. The acquisition closed on December 1, 2021 for US$750 million.
- [mentions] Mordor Intelligence (KO, research, published 2026-08-17) https://www.mordorintelligence.kr/industry-reports/material-testing-market: "Instron, an Illinois Tool Works company, and MTS Systems Corporation are listed among the material testing industry's leading providers."
- [confirms] SEC EDGAR (EN, filing, published 2022-02-11) https://www.sec.gov/Archives/edgar/data/49826/000004982622000006/itw-20211231.htm: "On December 1, 2021, the Company completed the acquisition of the MTS Test & Simulation business for a purchase price of $750 million."
- [confirms] Illinois Tool Works Investor Relations (EN, ir, published 2021-12-01) https://investor.itw.com/news-and-events/news/news-details/2021/ITW-Completes-Acquisition-of-MTS-Test--Simulation-Business/default.aspx: "Illinois Tool Works Inc. announced that it has completed the acquisition of the MTS Test & Simulation business from Amphenol Corporation."

### ING은행 런던지점 (high)
- note: ING Bank's London branch acts as agent for ITW's Euro Credit Agreement. ITW incurs interest and financing costs under the agreement, but the amount attributable to ING is not separately disclosed.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-13) https://www.sec.gov/Archives/edgar/data/49826/000004982626000008/itw-20251231.htm: "Illinois Tool Works Inc., as Borrower ... and ING Bank, N.V., London Branch, as Agent"

### 마이크로소프트 (mid)  → /microsoft.md
- note: ITW subsidiary Avery Weigh-Tronix adopted Microsoft Dynamics 365 and Power Platform for service operations and customer management. Software and implementation costs were not disclosed.
- [confirms] Microsoft Customer Stories (EN, ir, published 2025-07-01) https://www.microsoft.com/en/customers/story/24635-avery-weigh-tronix-dynamics-365-business-central: "Avery Weigh-Tronix, a subsidiary of Illinois Tool Works, used Microsoft Dynamics 365 to merge product data, service tracking, and customer relationship management data."

Reverse side: https://valuechain.wiki/illinois-tool-works/customers.md · Ripple: https://valuechain.wiki/illinois-tool-works/ripple.md

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Full node: https://valuechain.wiki/illinois-tool-works.md · JSON: https://valuechain.wiki/illinois-tool-works.json