Molex to acquire Smiths Interconnect from Smiths Group for £1.3bn.

Molex, an electronics connectivity innovator, agreed to acquire Smiths Interconnect, a provider of high-reliability connectivity products and solutions, from Smiths Group, a British, multinational, diversified engineering business, for £1.3bn. “Molex is excited to reinforce our commitment to the aerospace and defense market with the acquisition of Smiths Interconnect. Smiths Interconnect has a highly complementary portfolio of advantaged solutions that strongly enhances the platform established by our acquisition of AirBorn last November. The combination of Molex’s global scale, capabilities and financial stability with Smiths Interconnect’s complementary technologies, products, customers and footprint will enable us to expand our aerospace and defense business and support customers in new and innovative ways,” Joe Nelligan, Molex CEO.