Foxconn Interconnect Technology completed the acquisition of PRETTL SWH for $200m.

Foxconn Interconnect Technology, a firm involved in the development, manufacturing and marketing of electronic and optoelectronic connectors, antennas and acoustic components, completed the acquisition of PRETTL SWH, a firm specialized in the design and production of solutions for the automotive, e-mobility, two-wheeler and micro-mobility industries, for $200m. The transaction will create synergy by combining PRETTL SWH group's high-quality module and component products with FIT's current system. Taken together, FIT and PRETTL SWH group will work hand in hand to offer comprehensive EV solutions. Also, PRETTL SWH group's global network of manufacturing, sales and R&D will enable FIT to expand its key EV component strength horizontally.