TE Connectivity Completes the Acquisition of the Business of China Xiamen Delixing/Sibas
— Expands Range of Connectivity Solutions for Harsh Environments
SCHAFFHAUSEN, Switzerland – December 1, 2014 – TE Connectivity Ltd. (TE) (NYSE: TEL), a world leader in connectivity, today announced the completion of the previously announced acquisition of the business of Xiamen Electric Equipment Co., Ltd. (“Delixing”) and Xiamen SIBAS Connectors Co., Ltd. (“Sibas”).
Delixing/Sibas is a privately owned manufacturer of heavy duty connectors used in machinery equipment, factory automation, power management and railway applications. Delixing/Sibas, which generated revenues in 2013 of $10 million, was established in 1998 and is located in Xiamen City in South Fujian, China. Their heavy duty connectors expand TE’s range of solutions for harsh environment applications.
For reporting purposes, the business will be included as part of TE’s Industrial Solutions segment.
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About TE Connectivity
TE Connectivity (NYSE: TEL) is a $14 billion global technology leader. Our connectivity and sensor solutions are essential in today’s increasingly connected world. We collaborate with engineers to transform their concepts into creations – redefining what’s possible using intelligent, efficient and high-performing TE products and solutions proven in harsh environments. Our 80,000 people, including 7,500 design engineers, partner with customers in over 150 countries across a wide range of industries. We believe EVERY CONNECTION COUNTS – www.TE.com.