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The latest update is out from TE Connectivity ( (TEL) ).
TE Connectivity announced on February 11, 2025, its definitive agreement to acquire Richards Manufacturing in a transaction valued at approximately $2.3 billion. The acquisition aims to strengthen TE’s position in the North American energy market by combining complementary product portfolios and leveraging the expertise of the Richards team. Richards Manufacturing, recognized for its leadership in utility grid products, will become a wholly owned subsidiary of TE, contributing significant sales and EBITDA margins. The transaction is expected to close in the third quarter of TE’s fiscal 2025, subject to regulatory approvals and other customary conditions.
More about TE Connectivity
TE Connectivity plc is a global leader in industrial technology, providing a wide array of connectivity and sensor solutions that facilitate the distribution of power, signal, and data across various sectors including transportation, energy networks, automated factories, and more. With over 85,000 employees in approximately 130 countries, TE Connectivity focuses on creating a safer, sustainable, productive, and connected future.
YTD Price Performance: 5.84%
Average Trading Volume: 1,537,901
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $44.66B
For a thorough assessment of TEL stock, go to TipRanks’ Stock Analysis page.
