M&A Deal Summary

Molex Acquires Laird - Connected Vehicle Solutions Business

On September 28, 2018, Molex acquired technology hardware company Laird - Connected Vehicle Solutions Business from TTS

Acquisition Highlights
  • This is Molex’s 3rd transaction in the Technology Hardware sector.
  • This is Molex’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-09-28
Target Laird - Connected Vehicle Solutions Business
Sector Technology Hardware
Buyer(s) Molex
Sellers(s) TTS
Deal Type Divestiture

Target

Laird - Connected Vehicle Solutions Business

London, United Kingdom
Laird plc - Connected Vehicle Solutions(CVS) Business is a provider of end-to-end connectivity technology for the automotive industry, including antennae, smart device interfaces, and telematic control units to auto manufacturers in the U.S., Germany and Asia.

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Buyer(S) 1

Buyer

Molex

Lisle, Illinois, United States

Category Company
Founded 1938
Sector Electrical Equipment
Employees35,983
Revenue 3.6B USD (2013)
DESCRIPTION
Molex's corporate headquarters in Lisle, Illinois.
Molex's corporate headquarters in Lisle, Illinois.

Molex Incorporated is a global manufacturer of electronic, electrical and fiber optic interconnection systems. Molex operates 45 manufacturing locations in 17 countries and employs more than 36,000 people globally.


DEAL STATS #
Overall 17 of 21
Sector: Technology Hardware M&A 3 of 4
Type: Divestiture M&A Deals 3 of 5
Country: United Kingdom M&A 1 of 1
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-21 Nistica

Bridgewater, New Jersey, United States

Nistica, Inc. is a supplier of agile optical modules that simplify, automate and make affordable the delivery of high bandwidth applications for the global telecommunication markets. The company specializes in WSS, a signal routing engine for metro/long-haul telecom networks. Founded in 2005 and headquartered in Bridgewater, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Fiberguide Industries

Caldwell, Idaho, United States

Fiberguide Industries, Inc. is a designer and manufacturer of complex optical fibre cables and assemblies, predominantly custom-designed for OEMs. Fiberguide Industries was founded in 1977 and is based in Caldwell, Idaho.

Buy -

Seller(S) 1

SELLER

TTS

Rosenheim, Germany

Category Company
Sector Manufacturing
Revenue 630M GBP (2015)
DESCRIPTION

TTS designs and manufactures high-performance, mission-critical active thermal management solutions, primarily for medical and life sciences end markets. TTS is based in Rosenheim, Germany.


DEAL STATS #
Overall 3 of 4
Sector: Technology Hardware M&A 3 of 3
Type: Divestiture M&A Deals 3 of 4
Country: United Kingdom M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 Novero

Bochum, Germany

Novero GmbH is a key supplier of integrated car connectivity with excellent hardware design and significant software development capabilities. Novero designs and manufactures; telematics control units, wireless charging modules, USB hubs, wireless signal enhancement solutions, and software applications that manage in-car connectivity systems. Together, these technologies enable telematics services including vehicle tracking for fleet management, driver behaviour monitoring, eCall emergency services, insurance tracking, vehicle diagnostics and vehicle remote control. The Volkswagen Group including its VW, Audi, Bentley and Skoda marques is a major customer.

Buy €65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Laird Performance Materials

Shanghai Shi, China

Laird Performance Materials designs and manufactures customized performance-critical components and systems for advanced electronics and wireless products. Laird Performance Materials is based in Shanghai Shi, China.

Sell $2.3B