TE Connectivity to Acquire the Business of China Xiamen Delixing/Sibas

by swisscham in Engineering, Manufacturing

TE Connectivity Ltd., a world leader in connectivity, today announced the signing of a definitive agreement to acquire the business of Xiamen Delixing Electric Equipment Co., Ltd. and Xiamen SIBAS Connectors Co., Ltd.. Delixing/Sibas is a privately owned manufacturer of heavy duty connectors used in machinery equipment, factory automation, power management and railway applications. Delixing/Sibas, which generated revenues in 2013 of USD 10 million, was established in 1998 and is located in Xiamen City in South Fujian, China. Their heavy duty connectors expand TE’s range of solutions for harsh environment applications. When the transaction is completed Ð which is expected in fiscal year 2015 Ð the business will report in to TE’s Industrial Solutions segment.

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