TE Connectivity (TE), a global player in connectivity and sensors, has signed a definitive agreement to acquire the antenna business of Laird Connectivity, a leading supplier of wireless modules, IoT devices and antennas .
The acquisition of Laird’s antenna business complements TE’s broad portfolio of connectivity products, particularly in antenna and wireless solutions for Internet of Things (IoT) and Edge Access devices. The acquisition also expands TE’s engineering and manufacturing footprint and strengthens TE’s presence in several attractive market segments.
“I am delighted to welcome the Laird Antenna team to TE,” said Sudhakar Sabada, senior vice president and general manager of TE’s Data and Devices business. “By combining TE’s broadband data and wireless connectivity portfolio, scale of manufacturing and distribution with industry-leading, precisely engineered antenna solutions, we can dramatically improve the value that we bring to our customers. This acquisition, along with the expansion of our antenna product line and advanced engineering capabilities, is a critical step in our strategic vision to expand into the high growth peripheral access and wireless markets. IoT.
The transaction for the acquisition is expected to be finalized at the end of October.