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New Deal


Announced

TE Connectivity to acquire the antennas business of Advent-backed Laird Connectivity.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

antennas

Telecommunications Equipment

Acquisition

Cross Border

Majority

Private

Private Equity

Pending

Friendly

Single Bidder

Synopsis

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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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