M&A Deal Summary

TE Connectivity Acquires Quad Systems

On June 14, 2001, TE Connectivity acquired packaging company Quad Systems from TA Associates

Acquisition Highlights
  • This is TE Connectivity’s 1st transaction in the Packaging sector.
  • This is TE Connectivity’s 2nd transaction in the United States.
  • This is TE Connectivity’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2001-06-14
Target Quad Systems
Sector Packaging
Buyer(s) TE Connectivity
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

Quad Systems

Willow Grove, Pennsylvania, United States
Quad Systems Corp. is a manufacturer and distributor of flexible, high-performance surface mount technology (SMT) and advanced packaging technology (APT) assembly systems.

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Buyer(S) 1

Buyer

TE Connectivity

Schaffhausen, Switzerland

Category Company
Founded 1941
Sector Electrical Equipment
Employees85,000
Revenue 16.0B USD (2023)
DESCRIPTION

TE Connectivity is a designer and manufacturer of products at the heart of electronic connections for industries including automotive, energy and industrial, broadband communications, consumer devices, healthcare, and aerospace and defense. TE Connectivity was founded in 1941 and is based in Schaffhausen, Switzerland.


DEAL STATS #
Overall 2 of 15
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 2 of 13
State (Pennsylvania) 1 of 1
Country (United States) 2 of 11
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Fisk Electric

Houston, Texas, United States

Fisk Electric Co. is a commercial and industrial electrical construction markets in Southwest and Southeast locations with abilities to cover other attractive markets nationwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-13 Telemics

Louisville, Kentucky, United States

Telemics, Inc. is a privately held company to invent, productize, and sell reliable, cost effective, and easy to deploy wireless based remote sensing technologies for lighting and other applications.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 73 of 255
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 39 of 130
State (Pennsylvania) 6 of 14
Country (United States) 70 of 206
Year (2001) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-21 Lawson Software

St. Paul, Minnesota, United States

Lawson Software is a provider of enterprise software solutions targeting specific services industries. Lawson's comprehensive and customizable software solutions include financials, human resources, procurement, distribution, customer relationship management, services automation systems and analytics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-09 Microtest

Phoenix, Arizona, United States

Microtest, Inc. produces network test and measurement products (NTM), and network storage and appliance servers (NAS).

Sell -