June 17, 2015
"PARIS: TE looks to build up its sensor capabilities"
TE Connectivity will use its recent purchase of sensors and sensor-based systems manufacturer Measurement Specialties to broaden its capabilities in this fast-growing area, and is on the lookout for similar acquisition opportunities. Derrill Rice, the new president of TE’s Aerospace, Defence and Marine division, tells Flight Daily News that customers had been “asking us to broaden our capabilities” in the sensor market, where the company sees the potential for additional acquisitions. “We still see opportunities for us to continue to increase our breadth of products [in the sensor market]…and we’re still looking for [acquisition] opportunities where there is a space in the market,” says Rice.
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