Announced
Financials
Tags
United States
antennas
Telecommunications Equipment
Acquisition
Cross Border
Majority
Private
Private Equity
Pending
Friendly
Single Bidder
Synopsis
TE Connectivity, a provider of connectivity and sensors, agreed to acquire the antennas business of Advent-backed Laird Connectivity, a provider of wireless modules, IoT devices, and antennas. Financial terms were not disclosed. The acquisition of the Laird antennas business complements TE’s broad connectivity product portfolio, particularly in antenna and wireless solutions for Internet of Things devices and Edge Access. The acquisition also expands TE’s engineering and manufacturing footprint and strengthens TE’s presence in several attractive market segments.
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