NEWS
Tags: 

TE Connectivity to acquire Seacon

TE Connectivity has signed an agreement to acquire the Seacon group, a provider of underwater connector technology and systems, for $490 million.

The Seacon group serves the military marine and sub-sea sectors for remotely operated vehicles and autonomous underwater vehicles, as well as oil and gas, environmental, and oceanographic applications.

'The acquisition of the Seacon group expands TE's position as a leader in connectivity solutions for harsh environments and significantly strengthens our position in the high-growth oil and gas industry,' said Tom Lynch, TE Connectivity Chairman and CEO.

'We are excited by the addition of the Seacon group because it combines their fibre optic capability, TE's cable product line and the power connector range from our Deutsch acquisition to create a leading product offering for undersea applications. We expect to accelerate our growth with this acquisition in this very attractive sector by leveraging TE's scale and geographic breadth to support more customers around the world.'

Twitter icon
Facebook icon
Google icon
StumbleUpon icon
Digg icon
LinkedIn icon
Reddit icon
e-mail icon
Feature

As data demand ramps ever higher, researchers are looking to innovative amplifier designs to help transport a broader light spectrum through optical fibres, finds Andy Extance

Feature

Duncan Ellis shares his views about the increased focus on automation from network operators, and how the physical layer has so far stubbornly resisted the move

Feature

Switching off copper networks where fibre has been deployed is the end game, so why are so few operators doing it, wonders Pauline Rigby

Feature

With demand for fibre to the premises increasing, Keely Portway looks at the role training plays in ensuring installation skills remain available to meet this growing demand

Analysis and opinion