Tuesday, April 3, 2012

TE Connectivity Completes Acquisition of Deutsch Group

TE Connectivity completed its previously announced acquisition of Deutsch Group SAS for EUR 1.55 billion (approximately $2.05 billion). Deutsch is a leading provider of high-performance connectivity solutions for harsh environment applications.


"We are excited to bring together TE and Deutsch, two of the most trusted names in our industry. Deutsch has a long history of leadership and innovation and its complementary product line will enable TE to offer the most complete range of connectivity solutions to our customers," said Tom Lynch, Chief Executive Officer of TE Connectivity. "Together, our broad product range, global presence and shared commitment to innovation will create an even greater opportunity to serve the growing market for harsh environment connectivity applications."


For reporting purposes, Deutsch will be included as part of TE's Transportation Solutions segment.
http://www.te.com

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