|This Slide: #86 of 100|
Slide #86. 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. has three segments: 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.
TE Connectivity SEC Filing Email Alerts Service
Open the TEL Page at The Online Investor »
Buy (3.46 out of 4)
(ranked higher than approx. 60% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite