SCHAFFHAUSEN, SWITZERLAND – TE Connectivity has signed a definitive agreement to acquire ERNI Group. The transaction is expected to close by the end of the current quarter, following the receipt of customary regulatory approvals. No financial terms were disclosed.

The acquisition complements TE’s connectivity products, particularly in high-speed and fine-pitch connectors for factory automation, automotive, medical and other industrial applications.

“We are excited to welcome the ERNI team to TE,” said Vish Ananthan, senior VP and GM of TE’s industrial business. “Combining TE’s industrial portfolio breadth, manufacturing scale and customer reach with ERNI’s market-leading products, deep technical expertise and manufacturing capabilities in Europe and Southeast Asia, we can significantly enhance the value we bring to our customers. Together, we will drive innovation related to miniaturization, signal integrity, higher data speed and power requirements and product reliability that our customers expect as they design their applications.”

“With TE, ERNI gains access to a worldwide sales network and in-depth technological know-how,” said Christoph Weiss, Ph.D., delegate of the board of directors of ERNI. “We highly appreciate the strong commitment of TE to continue to innovate on our product portfolio and are looking forward to a promising future.”

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