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Announced

Completed

Molex completed the acquisition of AirBorn from TTI.

Synopsis

Molex, a global connectivity and electronics solutions provider, completed the acquisition of AirBorn, a manufacturer of high reliability electronics and components, from TTI, an electronic components distributor. Financial terms were not disclosed. "Molex is excited to complete this important acquisition, which enables us to expand into the aerospace and defense market while extending our capabilities across space exploration and other key sectors. As we begin to integrate AirBorn's people, products and processes within Molex, we will focus on supporting the needs of our customers, distributors and partners through collaboration and strategic investment in innovation and technology, shaping the future of the aerospace and defense category," Joe Nelligan, Molex CEO.

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