July 13, 2021
TE Connectivity Announces Plans to Acquire ERNI Group AG
TE Connectivity (TE), a world leader in connectivity and sensors, and ERNI Group AG (ERNI), a leading firm in electronic connectivity for factory automation and automotive, are pleased to announce 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. Together, we will drive innovation related to miniaturization, signal integrity, higher data speed and power requirements and product reliability that our customers expect as they design their applications.”
“With TE, ERNI gains access to a worldwide sales network and in-depth technological know-how,” said Dr. Christoph Weiss, delegate of the board of directors of ERNI. “We highly appreciate the strong commitment of TE to continue to innovate on our product portfolio and are looking forward to a promising future.”
The transaction is expected to close by the end of the current quarter, following the receipt of customary regulatory approvals.
ABOUT TE CONNECTIVITY
TE Connectivity is a global industrial technology leader creating a safer, sustainable, productive and connected future. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications and the home. With approximately 80,000 employees, including more than 7,500 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.
ERNI is an international, family-owned company of Swiss origin, with more than 70 years of experience as a leading global manufacturer and service provider. Spanning over 40 countries and with state-of-the-art manufacturing facilities in Europe, North America and Asia Pacific, ERNI develops and manufactures a wide variety of electronic connectivity solutions for various industries, emphasizing on industrial automation and automotive. Learn more at www.erni.com.
Lilja Capital Advisory Partners is serving as the financial advisor for the family shareholders of ERNI Group for the transaction and Bär & Karrer is acting as their legal advisor. Schellenberg Wittmer Ltd is acting as TE’s legal advisor.
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ERNI Group Marketing
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