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New Deal


Announced

Completed

TE Connectivity completed the acquisition of ERNI Group.

Synopsis

TE Connectivity, an American Swiss-domiciled technology company that designs and manufactures connectors and sensors for several industries, completed the acquisition of ERNI Group, manufacturer and worldwide supplier quality connectors for the automotive, industrial, data communications, computer, and medical markets. Financial terms were not disclosed. "Combining TE’s industrial portfolio breadth, manufacturing scale and customer reach with ERNI’s market-leading products, deep technical expertise and manufacturing capabilities in Europe and Southeast Asia, we can significantly enhance the value we bring to our customers. Together, we will drive innovation related to miniaturization, signal integrity, higher data speed and power requirements and product reliability that our customers expect as they design their applications,” Vish Ananthan, TE Connectivity Senior Vice President and General Manager.

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