Monday, April 9, 2012

TE Connectivity Sells Professional Services Group

TE Connectivity agreed to sell its TE Professional Services (TPS) business to BlueStream Professional Services, LLC, an affiliate of KGP Logistics, for $23.5 million. TPS, acquired as part of TE's acquisition of ADC in December 2010, has been reported in the Telecom Networks business of TE's Network Solutions segment. TPS is a provider of engineering, furnishing and installation services to communication service providers. TE reported sales of $121 million in fiscal 2011 for the TPS business.

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