May 20, 2016
JAQUET Technology Group
+41 61 306 88 14
Acquisition Creates Unparalleled Sensors Portfolio and Expands Reach of Sensor Products
SCHAFFHAUSEN, Switzerland – May 20, 2016 – Effective today, TE Connectivity Ltd. (TE), a world leader in connectivity and sensors, has acquired Jaquet Technology Group, a global leader based in Switzerland that designs and manufactures innovative speed sensors for the auto, rail and power markets. With Jaquet, TE extends its global platform of engineering and manufacturing expertise for sensor technology.
“We are pleased to welcome Jaquet Technology Group, as we strategically expand our speed sensors technology for turbochargers and our automotive and industrial and commercial transportation (ICT) portfolio,” said John Mitchell, SVP & GM, Sensor Solutions, TE Connectivity. “This acquisition allows us to accelerate the company’s position in the market and our journey in becoming the premier partner of choice for sensor technology worldwide.”
“Becoming a strategic part of TE’s sensor division is a natural fit for Jaquet and will contribute to the expansion of our innovative sensor portfolio,” said Jaquet CEO Markus Eigenmann. “This move will help strengthen TE’s presence in Switzerland and further expand Jaquet’s go-to-market sales growth, positioning the company as the leader within the sensors market.”
“The strength and reputation of Jaquet combined with TE’s industry-leading capabilities and global reach, will enable us to provide our customers unparalleled solutions that combine sensor, connector, material science and electrical technologies,” added Mitchell.
TE and Jaquet are committed to making the transition a seamless experience for employees and customers.
TE Connectivity Ltd. (NYSE: TEL) is a $14 billion global technology and manufacturing leader creating a safer, sustainable, productive, and connected future. For more than 75 years, our connectivity and sensor solutions, proven in the harshest environments, have enabled advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With 80,000 employees, including more than 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS.