Strategic acquisition advances TE’s capabilities in high-growth Edge and IoT markets
SCHAFFHAUSEN, Switzerland – September 8, 2021 – TE Connectivity (TE), a world leader in connectivity and sensors, and Laird Connectivity, a leading provider of wireless modules, IoT devices, and antennas, are pleased to announce that TE signed a definitive agreement to acquire the antennas business from Laird Connectivity.
The acquisition of the Laird antennas business complements TE’s broad connectivity product portfolio, particularly in antenna and wireless solutions for Internet of Things (IoT) devices and Edge Access. The acquisition also expands TE’s engineering and manufacturing footprint and strengthens TE’s presence in several attractive market segments.
“I am excited to welcome the Laird antennas team to TE,” said Sudhakar Sabada, senior vice president and general manager of TE’s Data and Devices business. “Combining TE’s high-speed data and wireless connectivity portfolio breadth, manufacturing scale and distribution with precision engineered and market-leading antenna solutions, we can significantly enhance the value we bring to our customers. This acquisition, with the resulting expansion of our antenna product family and advanced engineering capabilities, is a critical milestone in our strategic vision to expand in the high-growth Edge Access and IoT markets.”
The transaction for the acquisition is expected to close in late October.
ABOUT LAIRD CONNECTIVITY
Laird Connectivity simplifies wireless connectivity with market-leading RF modules, internal antennas, IoT devices, and custom wireless solutions. Our products are trusted by companies around the world for their wireless performance and reliability. With best-in-class support and comprehensive product development services, we reduce your risk and improve your time-to-market. When you need unmatched wireless performance to connect your applications with security and confidence, Laird Connectivity delivers – no matter what. Laird Connectivity is owned by Advent International. Learn more at www.lairdconnect.com.
TE Connectivity is a global industrial technology leader creating a safer, sustainable, productive and connected future. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications and the home. With approximately 80,000 employees, including more than 7,500 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.