TE News: Phoenix Contact

SCHAFFHAUSEN, Switzerland – Feb. [28], 2026 - TE Connectivity (TE), a world leader in connectors and sensors, has executed a strategic asset transaction with Phoenix Contact E-Mobility GmbH to acquire a major portion of its e-mobility business that manufactures charging inlets for electric vehicles. The transaction strengthens TE’s ability to serve key global automotive customers and supports its long-term growth objectives.

The transaction reflects TE’s commitment to expanding its commercial footprint in key markets while ensuring competitive choice for customers in Europe and beyond. By acting decisively in response to market dynamics – including the announced exit of Phoenix Contact E-Mobility GmbH from the automotive sector – TE is positioned to accelerate revenue growth and offer continuity of supply to major OEM programs in an evolving industry.

“This agreement supports our focus on delivering advanced connectivity solutions that are essential to next-generation vehicle platforms,” said Jean-Michel Renaudie, president TE Automotive. “It strengthens our ability to support our core customers with continuity and reinforces our position in Europe.”

TE anticipates that the acquired asset will contribute to the company’s revenue in fiscal year 2026, with incremental benefits over the next several years. The company will integrate necessary technologies and capabilities through collaboration across engineering and commercial functions, with both Phoenix Contact E-Mobility GmbH and customer teams to emphasize seamless transition and continuity for existing programs.

The transaction underscores TE’s disciplined approach to strategic investment and customer-centric execution. While the company already possesses broad capabilities across its product portfolio, the agreement enhances TE’s ability to address evolving customer requirements and competitive pressures within the E-mobility sector.

Financial terms and conditions of the transaction were not disclosed.

TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Instagram.