TE News: TE Connectivity enters exclusive negotiations with ABB.

PRESS RELEASE

Published

January 11, 2018

Media Inquiries

Jonathan Graham

Senior Manager Communications, Industrial Global Marketing

jonathan.graham@te.com

 

TE Connectivity has entered into exclusive negotiations with ABB to acquire ABB’s entrelec® terminal block business.

TE Connectivity has entered into exclusive negotiations with ABB to acquire ABB’s entrelec® terminal block business. The transaction, expected to be completed in mid-2018, is subject to the satisfaction of certain conditions including receipt of customary regulatory approvals and prior consultation with employee representative bodies.

 

ABB’s entrelec® terminal block business was founded as entrelec in 1920 and serves customers in 70 countries. The business comprises research and development, product development, marketing and sales and management activities in Chassieu, France; and with main manufacturing sites in France and Poland.

 

By adding the ABB’s entrelec® terminal block offering, under the product brand entrelec, TE will be able to offer a complete system for power, signal and data connectivity with special focus on harsh environments. This system will be a crucial part of TE’s future product portfolio – and will contribute to TE’s ability to offer customers some of the most comprehensive products, technologies and services within the industry. Thanks to the expansion of the sales team, TE also amplifies its go to market reach to cover more geographies and a wider customer base.  

About TE

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.

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