TE Connectivity Completes Acquisition of Measurement Specialties, Inc.
Establishes TE as a Leader in the High-Growth Sensor Market; Expands TE's Leadership Position in Harsh Environment Applications
SCHAFFHAUSEN, Switzerland – TE Connectivity (TE), a world leader in connectivity, announced today that it has completed the previously announced acquisition of Measurement Specialties, Inc.
Measurement Specialties, a leading global designer and manufacturer of sensors and sensor-based systems, offers a broad portfolio of sensor technologies including pressure, vibration, force, temperature, humidity, ultrasonics, position and fluid, for a wide range of applications and industries.
“The acquisition of Measurement Specialties establishes TE as a leader in the very attractive high-growth sensor market,” said Tom Lynch, TE Connectivity Chairman and CEO. “TE’s leadership in the connectivity market combined with Measurement Specialties’ broad sensor portfolio provides our customers with the broadest range of connectivity and sensor solutions in the industry. The acquisition of Measurement Specialties expands TE’s sensor business significantly, and builds on our strength in harsh environment applications. We look forward to offering our customers the most innovative solutions for their connectivity and sensor needs, and welcoming the talented team from Measurement Specialties to TE.”
For reporting purposes, Measurement Specialties will be included as part of TE’s Transportation Solutions segment.
About Te Connectivity
TE Connectivity (NYSE: TEL) is a $13 billion world leader in connectivity. The company designs and manufactures products at the heart of electronic connections for the world’s leading industries including automotive, energy and industrial, broadband communications, consumer devices, healthcare, and aerospace and defense. TE Connectivity’s long-standing commitment to innovation and engineering excellence helps its customers solve the need for more energy efficiency, always-on communications and ever-increasing productivity. With nearly 90,000 employees in over 50 countries, TE Connectivity makes connections the world relies on to work flawlessly every day. To connect with the company, visit: www.te.com.