TE Connectivity completed the acquisition of a 72% stake in First Sensor for $343m.

TE Connectivity, a technology company that designs and manufactures connectivity and sensor products, completed the acquisition of a 72% stake in First Sensor, a sensor manufacturer for $343m. "The business combination with First Sensor is yet another milestone in TE Connectivity's commitment to being a leader in the sensor space and continuing to provide customers with a high level of product innovation and service. The First Sensor team's capabilities, as well as their products, strongly align with the markets we serve and create greater opportunity to serve our customers," John Mitchell, TE Connectivity SVP and General Manager.