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Slide #20. TE Connectivity — SEACON Group
TE Connectivity (NYSE:TEL)
TE Connectivity Ltd. (NYSE: TEL) today announced that it has signed a definitive agreement to acquire the SEACON group, a leading provider of underwater connector technology and systems, for $490 million in cash. The SEACON group serves the military marine and sub-sea sectors for remotely operated vehicles (ROV) / autonomous underwater vehicles (AUV), oil and gas, environmental and oceanographic applications.
TE Connectivity provides connectivity and sensor solutions. Co.'s segments are: Transportation Solutions, which provides connectivity and sensor technologies, focusing on terminals and connector systems and components, sensors, relays, application tooling, and wire and heat shrink tubing; Industrial Solutions, which supplies products that connect and distribute power, data and signals, focusing on terminals and connector systems and components, heat shrink tubing, relays, and wire and cable; and Communications Solutions, which supplies electronics for the data and devices and appliances markets, focusing on terminals and connector systems and components, heat shrink tubing and antennas.
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Buy (3.30 out of 4)