Analysis
Acquisition expands TE's harsh environments connectivity solutions
TE Connectivity has announced the completion of the previously announced acquisition of the business of Xiamen Electric Equipment (Delixing) and Xiamen SIBAS Connectors (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 $10m, 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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