Monday, April 9, 2012

TE Connectivity Sells Touchscreen Business to Gores for $380 Million

The Gores Group, a leading Los Angeles-based private equity firm, agreed to acquire TE Connectivity's Touch Solutions business for $380 million in cash. The Touch Solutions business is a global supplier of touch screens, touch monitors and all-in-one touch computers that are marketed under the Elo TouchSystems brand.

Headquartered in Menlo Park, California, the business generated sales of $413 million in fiscal 2011.

See also