1 Aug 2018
TE Connectivity completes its acquisition of ABB’s ENTRELEC terminal block business
- TE to offer comprehensive products, technologies and services
- Helps customers to reduce complexity and drive innovation
- Customer intimacy remains key driver
SCHAFFHAUSEN, Switzerland – August 1, 2018 – TE Connectivity (TE), a world leader in connectivity and sensors, and ABB, a world pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, announce that TE has closed its previously announced acquisition of ABB’s ENTRELEC® terminal block business.
“We are combining two portfolios that will be more competitive under TE’s ownership,” said Tarak Mehta, president of ABB's Electrification Products division. “This transaction demonstrates ABB’s commitment to active portfolio management, a key element of our Next Level strategy.”
ABB’s ENTRELEC terminal block business, originally founded in 1920, serves customers in more than 70 countries. The business comprises research and development, with manufacturing sites in France and Poland. By adding ABB’s ENTRELEC terminal block offering, under the product brand ENTRELEC, TE is able to offer a complete system for power, signal and data connectivity with special focus on harsh environments.
“This acquisition represents an important step in TE’s journey to offer customers a broader and more complete product platform to reduce complexity and drive innovation,” said Lars Brickenkamp, senior vice president and general manager of TE’s Industrial business unit. “We welcome the expansion of our team and believe our new employees will significantly enhance TE’s collaboration with more customers on their innovation and automation projects. Customer intimacy remains a key driver for customer satisfaction in our new organization.”
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ABOUT TE CONNECTIVITY
TE Connectivity Ltd. is a $13 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 78,000 employees, including more than 7,000 engineers, working alongside customers in nearly 150 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.
TE, TE Connectivity and the TE connectivity logo are trademarks of the TE Connectivity Ltd. family of companies. Other logos, product or company names mentioned herein may be trademarks of their respective owners.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. As title and technology partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 136,000 employees. www.abb.com.