TE Connectivity Announces Acquisition of
May 2, 2019
Acquisition expands TE’s temperature sensor portfolio; Amplifies TE’s sensor technology leadership in the medical market.
SCHAFFHAUSEN, Switzerland – May 2, 2019 – TE Connectivity Ltd. (NYSE: TEL) (TE), a global industrial technology company with leading positions in connectivity and sensing solutions, announced today that it has acquired Alpha Technics.
Alpha Technics is a leading designer and manufacturer of high precision, medical temperature measurement products and solutions. The company, headquartered in California, reported sales of approximately $20 million in 2018 and is a privately held company.
“The acquisition of Alpha Technics is part of our well-established strategy to expand our leadership position in sensor applications,” said John Mitchell, senior vice president and general manager of TE sensors business. “This transaction further establishes TE as a sensor technology leader for the medical market. Our existing sensor product offering, coupled with Alpha Technics’ reputation and solutions, positions TE with a broad range of innovative, proven products and technologies to serve this demanding, high-growth space. We look forward to welcoming Alpha Technics’ talented team to TE,” said Mitchell.
“Alpha Technics will bring complementary temperature sensors and thermometry solutions to TE’s already broad portfolio of sensor solutions,” said Alpha Technics’ CEO Dan O’Brien. “We feel this is a partnership of leading technologies and engineering talent that will create significant value for our customers and employees.”
The business will be reported as part of TE’s Transportation Solutions segment.
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.