TE acquires antennas business from Laird Connectivity
Strategic acquisition advances TE’s capabilities in high-growth Edge and IoT markets
TE Connectivity (TE), a global player in connectivity and sensors, has signed a definitive agreement to acquire the antennas business from Laird Connectivity, a leading provider of wireless modules, IoT devices, and antennas.
The acquisition of the Laird antennas business complements TE’s broad connectivity product portfolio, particularly in antenna and wireless solutions for Internet of Things (IoT) devices and Edge Access. The acquisition also expands TE’s engineering and manufacturing footprint and strengthens TE’s presence in several attractive market segments.
“I am excited to welcome the Laird antennas team to TE,” said Sudhakar Sabada, senior vice president and general manager of TE’s Data and Devices business. “Combining TE’s high-speed data and wireless connectivity portfolio breadth, manufacturing scale and distribution with precision engineered and market-leading antenna solutions, we can significantly enhance the value we bring to our customers. This acquisition, with the resulting expansion of our antenna product family and advanced engineering capabilities, is a critical milestone in our strategic vision to expand in the high-growth Edge Access and IoT markets.”
The transaction for the acquisition is expected to close in late October.