Molex Announces Agreement to Acquire Smiths Interconnect, Enhancing its Position in Aerospace and Defense

Molex Announces Agreement to Acquire Smiths Interconnect, Enhancing its Position in Aerospace and Defense

Smiths Interconnect provides mission-critical components to the $5B aerospace and defense sector, as well as semiconductor test, industrial and medical marketsSmiths Interconnect's leadership in providing innovative medical interconnect solutions complements Molex's position in the rapidly expanding medtech segmentCustomers and partners…

Molex to acquire Smiths Interconnect

Molex has signed an agreement to acquire Smiths Interconnect. Smiths Interconnect, a subsidiary of United Kingdom-based Smiths Group plc, is a provider of high-reliability connectivity products and solutions serving the aerospace and defence, medical, semiconductor test and industrial markets.

Molex to Acquire Smiths Interconnect

Molex, a global electronics connectivity innovator, has agreed to acquire Smiths Interconnect, a Smiths Group subsidiary offering high-reliability connectivity products. Molex said Thursday the move aims to expand its presence in the aerospace, defense, medical, semiconductor testing, and industrial markets. The transaction involves cash consideration, subject to customary adjustments for working capital, cash and debt. Pending