TE Connectivity and ERNI Group AG, announced that TE signed a definitive agreement to acquire ERNI.
The acquisition of ERNI complements TE’s broad connectivity product portfolio, particularly in high-speed and fine-pitch connectors for factory automation, automotive, medical and other industrial applications. ERNI augments TE’s engineering and manufacturing footprint and capabilities in board connectivity and expands TE’s customer base and presence in several attractive market segments.
“We are excited to welcome the ERNI team to TE,” said Vish Ananthan, senior vice president and general manager of TE’s Industrial business. “Combining TE’s industrial portfolio breadth, manufacturing scale and customer reach with ERNI’s market-leading products, deep technical expertise and manufacturing capabilities in Europe and Southeast Asia, we can significantly enhance the value we bring to our customers.