TE Connectivity completes acquisition of Richards Manufacturing
TE Connectivity (NYSE: TEL) has completed its acquisition of Richards Manufacturing Co., a North American leader in utility grid products and underground distribution equipment. The strategic acquisition positions TE to leverage the ongoing grid replacement and upgrade cycle in North America, enhancing its global leadership in serving utilities and energy customers.
The Richards management team will continue to operate the acquired business, ensuring operational continuity during the integration process with TE.
TE Connectivity (NYSE: TEL) ha completato l'acquisizione di Richards Manufacturing Co., un leader nordamericano nei prodotti per la rete elettrica e nell'attrezzatura per la distribuzione sotterranea. Questa acquisizione strategica permette a TE di sfruttare il ciclo di sostituzione e aggiornamento delle reti in Nord America, rafforzando la sua leadership globale nel servire le utility e i clienti del settore energetico.
Il team di gestione di Richards continuerà a gestire l'attività acquisita, garantendo la continuità operativa durante il processo di integrazione con TE.
TE Connectivity (NYSE: TEL) ha completado la adquisición de Richards Manufacturing Co., un líder en América del Norte en productos de redes eléctricas y equipos de distribución subterránea. Esta adquisición estratégica posiciona a TE para aprovechar el ciclo de reemplazo y actualización de redes en América del Norte, mejorando su liderazgo global en el servicio a las empresas de servicios públicos y a los clientes de energía.
El equipo directivo de Richards continuará operando el negocio adquirido, asegurando la continuidad operativa durante el proceso de integración con TE.
TE Connectivity (NYSE: TEL)은 북미의 유틸리티 그리드 제품 및 지하 배전 장비의 선두주자인 Richards Manufacturing Co.의 인수를 완료했습니다. 이번 전략적 인수는 TE가 북미에서 진행 중인 그리드 교체 및 업그레이드 주기를 활용할 수 있도록 하여, 유틸리티 및 에너지 고객에게 서비스를 제공하는 글로벌 리더십을 강화합니다.
Richards의 경영진은 인수된 사업을 계속 운영하여 TE와의 통합 과정에서 운영의 연속성을 보장합니다.
TE Connectivity (NYSE: TEL) a finalisé son acquisition de Richards Manufacturing Co., un leader nord-américain dans les produits pour réseaux de distribution et équipements de distribution souterraine. Cette acquisition stratégique permet à TE de tirer parti du cycle de remplacement et de mise à niveau des réseaux en Amérique du Nord, renforçant ainsi sa position de leader mondial au service des entreprises de services publics et des clients du secteur énergétique.
L'équipe de direction de Richards continuera à gérer l'activité acquise, garantissant la continuité opérationnelle durant le processus d'intégration avec TE.
TE Connectivity (NYSE: TEL) hat die Übernahme von Richards Manufacturing Co. abgeschlossen, einem nordamerikanischen Marktführer für Produkte im Bereich Versorgungsnetze und unterirdische Verteilungsausrüstung. Diese strategische Übernahme ermöglicht es TE, den laufenden Austausch- und Upgrade-Zyklus der Netze in Nordamerika zu nutzen und stärkt die globale Führungsposition im Dienst an Versorgungsunternehmen und Energie-Kunden.
Das Management-Team von Richards wird das übernommene Geschäft weiterhin leiten und so die betriebliche Kontinuität während des Integrationsprozesses mit TE sicherstellen.
- Strategic expansion into North American utility grid market
- Strengthens TEL's global leadership in utilities sector
- Retention of experienced Richards management team ensures business continuity
- None.
Richards is a North American leader in utility grid products, including underground distribution equipment. The acquisition will enable TE to capitalize on the region's grid replacement and upgrade cycle, strengthening its leadership in serving utilities and other energy customers around the world.
The acquired business will continue to be run by the Richards management team, ensuring business continuity as it integrates with TE.
About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 9,000 engineers, working alongside customers in approximately 130 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat, Instagram and X (formerly Twitter).
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SOURCE TE Connectivity plc
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