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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
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    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
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    TE Connectivity posts 9% y/y growth in FY 2022 net sales to USD16.3 billion
    TE Connectivity has reported a 9.1% year-on-year (y/y) growth in net sales for the fiscal year 2022, according to a company press release on 2 November. Net sales came in at USD16.28 billion versus USD14.92 billion a year earlier. Net income was USD2.43 billion compared to USD2.26 billion a year earlier. Research and development (R&D) costs rose to USD718 million for the year, up from USD677 million last year. “For the full year, we delivered double-digit organic growth, including ...
    News
    Cepton, ALP.Lab and TE Connectivity complete POC for driving safety using V2X technology
    Cepton, ALP.Lab and TE Connectivity have jointly completed a proof of concept (PoC) project confirming the ability of an integrated system to warn drivers of unseen hazards using vehicle-to-everything (V2X) technologies, an official statement read on 7 November. The project, named Periscope, extended a driver’s field of view by using lidar sensors mounted at the intersection to see around the corner and warn of pedestrians about five seconds before they would be visible otherwise. “The re...
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    TE Connectivity reports Q3 2022 net sales at USD4.09 billion, up 6.51% y/y
    TE Connectivity has reported Q3 2022 net sales at USD4.09 billion, up 6.51% year on year (y/y) from USD3.84 billion in the previous year for three months ended 24 June, according to a filing by the company on 27 July. Operating income for the quarter was reported at USD719 million. Net income was reported at USD594 million, up 2.41% y/y from USD580 million for the third quarter 2022. Terrence Curtin, TE Connectivity CEO, said, "I am pleased with our record third quarter performance and the st...
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    TE Connectivity sales rise 17% y/y to USD3.8 billion in fiscal year 2021
    Switzerland-based automotive electronics supplier TE Connectivity reported a 17% year-over-year (y/y) increase in net sales to USD14.9 billion in the fourth quarter and fiscal year ended 24 September 2021 from USD12.17 billion in September 2020, it said in a press release on 27 October. Operating income for the year increased from USD347 million in September 2020 to USD2.43 billion in September 2021 with an operating margin increase from 10.6% to 16.3% in September 2021. TE Connectivity operates...
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    TE Connectivity’s Q3 2021 net sales rises 51% y/y to USD3.85 billion
    TE Connectivity has reported a 51% year-on-year (y/y) growth in net sales for the third quarter, according to a company press release on 28 July. Net sales came in at USD3.85 billion versus USD2.55 billion a year earlier. Net income was USD580 million compared to a loss of USD41 million a year earlier. Net sales from transportation solutions rose 80.5% y/y to USD2.27 billion, industrial solutions sales rose to USD1 billion from USD865 million, while communication solutions saw a 35% y/y ...
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    TE Connectivity net sales rises 11% y/y in Q2 FY 2021 to USD3.74 billion
    TE Connectivity has reported an 11% year-on-year (y/y) growth in net sales for the second quarter of fiscal year 2021, according to a company press release on 21 April. Net sales was USD3.74 billion for the second quarter versus USD3.20 billion a year earlier. Net income came in at USD506 million compared to a loss of USD456 million a year earlier. Net sales from transportation solutions rose 23.15% y/y to USD2.29 billion, industrial solutions sales dropped to USD952 million from USD962 milli...
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    TE Connectivity posts 10% y/y drop in FY 2019/20 net sales at USD12.1 billion
    TE Connectivity has announced a 10% year-on-year (y/y) drop in revenue for the fiscal year ended 25 September 2020, the company said in a press release on 29 July. Net sales for the period fell to USD12.1 billion from USD13.4 billion a year earlier. The company posted a net loss of USD241 million compared with a net profit of USD1.8 billion in the previous fiscal year. Operating income for the quarter declined 72.8% y/y to USD537 million. Net sales from transportation solutions fell 12.5% y/y...
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    TE Connectivity posts 24.8% y/y decline in Q3 net sales at USD2.55 billion
    TE Connectivity has announced a 24.8% year-on-year (y/y) fall in revenue for the third quarter ended 26 June 2020, the company said in a press release on 29 July. Net sales for the period fell to USD2.5 billion from USD3.3 billion a year earlier. The company posted a net loss of USD41 million compared with a net profit of USD757 million. Operating income for the quarter declined 74.2% y/y to USD134 million. Net sales from transportation solutions fell 36.2% y/y to USD1.2 billion, industrial s...
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    TE Connectivity’s revenue falls 6.4% y/y in Q2 FY 2020
    TE Connectivity has announced a 6.4% year-on-year (y/y) fall in revenue for the second quarter of fiscal year (FY) 2020, the company said in a press release on 28 April. Net sales for the period fell to USD3.20 billion from USD3.41 billion a year earlier. It was in line with the company’s guidance. The company posted a net loss of USD452 million compared to a net profit of USD429 million. Net sales from transportation solutions fell to USD1.86 billion from USD1.97 billion, industrial soluti...
    News
    M&A: TE Connectivity acquires majority stake in sensor maker First Sensor AG
    TE Connectivity (TE) has acquired a majority stake in sensor specialist First Sensor AG, according to a company press release on 12 March 2020. TE, through its wholly owned subsidiary TE Connectivity Sensors Germany Holding AG, holds a total of 71.87% stake in First Sensor. First Sensor is a technology startup focused on sensor technology. With its expertise in chip design and production, as well as microelectronic packaging, it develops and produces standard sensors and customer-specific sen...
    News
    TE Connectivity’s Q1 net income slumps 91% y-y to USD26 million
    TE Connectivity has reported a 91% year-on-year (y/y) drop in first quarter net income to USD26 million, the company’s financial disclosure dated 29 January showed. Net sales fell to USD3.17 billion from USD3.35 billion during the period ended December 27, 2019. Value of total orders rose 1% sequentially to USD3.2 billion. Net sales from transportation solutions fell to USD1.87 billion from USD1.97 billion, industrial solutions dropped marginally to USD927 million while communication soluti...
    News
    TE Connectivity’s FY 2018/19 net income drops 28% y/y to USD1.84 billion
    TE Connectivity reported a 28.1% decline in full-year net income to USD1.84 billion, according to a company press release on 30 October. Net sales dropped 3.9% to USD13.45 billion. Full-year net sales from its transportation solutions segment came in at USD7.82 billion compared with USD8.29 billion a year earlier. Net sales for the fourth quarter fell 6% to USD3.30 billion while net income tanked 77.6% to USD372 million. The company attributed it to market weakness. “Ou...
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    TE Connectivity’s Q3 net income up 66.7% y/y to USD757 million
    TE Connectivity has reported a 66.7% year-on-year (y/y) growth in net income to USD757 million for the third quarter ended 28 June 2019, the Switzerland-based company said in a press release on 24 July. Net sales in the quarter fell 5.3% y/y to USD3.4 billion. TE Connectivity recorded 6.1% y/y decline in operating income to USD520 million. Sales in TE Connectivity’s Transportation Solutions business declined 6.8% y/y to USD1.9 billion. The segment recorded operating income of USD308 million, d...
    News
    TE Connectivity’s Q2 net income down 10.4% y/y to USD439 million
    TE Connectivity has reported a 10.4% year-on-year (y/y) decline in net income to USD439 million for the second quarter ended 29 March 2019, the Switzerland-based company said in a press release on 24 April. Net sales in the quarter also fell 4.2% y/y to USD3.4 billion. TE Connectivity recorded 14.6% y/y decline in operating income to USD439 million. Sales in TE Connectivity’s Transportation Solutions business declined 7.6% y/y to USD1.9 billion. The segment recorded operating income of USD3...
    News
    TE Connectivity reports USD276 million net income for Q1
    TE Connectivity reported net income of USD276 million for the first quarter ended 28 December 2018 compared to net loss of USD40 million a year earlier, the Switzerland-based company said in a press release on 23 January. The company returned to profitability in the first quarter as income tax expense dropped significantly to USD78 million from USD599 million in the first quarter of previous financial year. Net sales in the first quarter increased slightly year-over-year (y/y) to USD3.35 bill...
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    TE Connectivity’s FY 2018 net income up 52.4% y/y to USD2.56 billion
    TE Connectivity has reported a growth of 52.4% year-on-year (y/y) in net income to USD2.56 billion for the year ended 28 September 2018, the Switzerland-based company said in a press release on 31 October. The company’s net sales for the period increased 14.8% y/y to USD14 billion and operating income grew 24.2% y/y to USD2.3 billion for the fiscal year. Sales in the company’s Transportation Solutions business increased 17.7% y/y to USD8.2 billion; its operating income was up 21.9% y/y to...
    News
    TE Connectivity’s Q3 net income up 4.3% y/y to USD454 million
    TE Connectivity has reported a growth of 4.3% year-on-year (y/y) in net income to USD454 million for the third quarter ended 29 June 2018, the Switzerland-based company said in a press release yesterday (25 July). The company’s net sales for the period increased 12% y/y to USD3.76 billion and operating income grew 2.5% y/y to USD558 million for the quarter. Sales in the company’s Transportation Solutions business increased 19.7% y/y to USD2.1 billion; its operating income was up 18.3% y/y...
    News
    TE Connectivity launches two new solutions for EV charging
    TE Connectivity has launched two new solutions for electric vehicle (EV) charging, the company announced in separate press releases on 3 May. The company has launched its AMP+ charging cables and inlets for hybrid and EVs. The products meet DIN EN 61851 and IEC 62196 standards, which define several types of on-board vehicle interfaces including type 1 for North America and Japan and type 2 for Europe with two charging modes at a wall power outlet or on high-performance charging stations. The ...
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    TE Connectivity’s Q2 net income up 21% y/y to USD490 million
    TE Connectivity has reported a growth of 21% year-on-year (y/y) in net income to USD490 million for the second quarter ended 30 March 2018, the Switzerland-based company said in a press release. Net sales for the period totaled USD3.74 billion, up 16% y/y. The company recorded 29.7% y/y growth in operating income to USD624 million for the quarter. Sales in the company’s Transportation Solutions business increased 21.5% y/y to USD2.1 billion; its operating income was up 40.3% y/y to USD428 m...
    News
    TE Connectivity to showcase data connectivity and sensor solutions at WCX18
    TE Connectivity will showcase its portfolio of automotive data connectivity and sensor solutions at WCX18: World Congress Experience (SAE) this month in Detroit, Michigan (United States). According to a press release, the company will display test and measurement sensors, JAQUET speed sensors, LITESURF plating technology, data connectivity systems and the Hirschmann Car Communication (HCC) antenna solution designed for automotive applications such as design, testing, R&D, components, supplie...
    News
    TE Connectivity reports USD40 million net loss for Q1
    TE Connectivity has reported a net loss of USD40 million for the first quarter ended 29 December 2017, compared with a net income of USD409 million in the same period a year ago, the Switzerland-based company said in a press release. Net sales for the period totaled USD3.4 billion, up 13.6% y/y. Higher sales helped the company record 17.3% y/y growth in operating income to USD581 million. Sales in the company’s Transportation Solutions business increased 21.3% y/y to USD2 billion. The segme...
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    TE Connectivity’s FY2017 revenue climbs 7.1% y/y to USD13.11 billion
    TE Connectivity has announced a 7.1% y/y climb in revenue for the full year 2017, according to a company press release on 1 November. Revenue came in at USD13.11 billion from USD12.24 billion last year while net income was USD1.68 billion versus USD2 billion. R&D expenses grew 2.17% to USD658 million.
    News
    TE Connectivity’s Q3 net income drops 48% y/y to USD435 million despite higher sales
    TE Connectivity has reported 48.1% year-over-year (y/y) drop in net income to USD435 million for the third quarter ended 30 June 2017, the Switzerland-based company said in a press release yesterday (26 July). Net sales for the period stood at USD3.36 billion, up 7.8% y/y. Higher sales helped the company record 18.5% y/y growth in operating income to USD536 million. Sales in the company’s Transportation Solutions business increased 6.8% y/y to USD1.7 billion. Higher sales helped the segment...
    News
    VOXX to sell Hirschmann Car Communication to TE Connectivity
    VOXX International has entered into a definitive agreement to sell its Hirschmann Car Communication business to a subsidiary of TE Connectivity for EUR148.5 million (USD166.2 million), according to a company release yesterday (26 June). The final purchase price is subject to further net cash and working capital adjustments. The transaction is expected to close by end August 2017. The divestment includes sale of Hirschmann's antenna, smart antenna, multi-digital tuner and commercial asset trac...
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    TE Connectivity’s Q2 net income up 6.5% to USD405 million
    TE Connectivity has reported a 6.5% year-over-year (y/y) increase in net income to USD405 million for the second quarter ended 31 March 2017, the Switzerland-based company said in a press release yesterday (26 April). The company’s sales grew by 9.3% y/y to USD3.2 billion. Despite higher sales, operating income declined 11.6% y/y to USD473 million. Sales in the company’s Transportation Solutions segment increased 9.1% y/y to USD1.7 billion. Higher sales helped the segment record an operating...
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    TE Connectivity Q1 sales up 8% y/y to USD3.1 billion
    TE Connectivity has reported 8% year-over-year (y/y) increase in net sales to USD3.1 billion in the first quarter ended 31 December 2016, the Switzerland-based company said in a press release last week. On constant exchange rates, the company’s sales grew by 7% y/y. Higher sales helped the company to record 22% y/y growth in operating income to USD486 million while net income increased 16% y/y to USD409 million. Sales in the company’s Transportation Solutions increased 11% y/y to USD1.7 b...
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    TE Connectivity net income drops 17% y/y to USD2 billion in FY 2015/16
    TE Connectivity’s net income dropped 17% year-over-year (y/y) to USD2 billion in the financial year (FY) ended 30 September 2016, while its net sales remained stable at USD12.2 billion, the US-based connectivity and sensor solutions provider said in a press release. However, the company recorded an 8.7% y/y growth in operating income to USD1.9 billion, thanks to lower research, development and engineering expenses and restructuring and other costs compared with FY 2014/15. The company reported...
    News
    TE Connectivity’s president Terrence Curtin to succeed CEO Tom Lynch in March next year
    Switzerland-based automotive sensor supplier TE Connectivity’s (TE) board of directors has appointed Terrence Curtin as the company's CEO with effect from 9 March 2017, the company said in a press release today. Curtin was elected to TE’s board of directors at the company's annual general meeting held on 2 March and is currently TE's president. Curtin will succeed Tom Lynch. Lynch, the company’s current chairman and CEO, has served as TE’s CEO since January 2006 and was elected as cha...
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    TE Connectivity expands German plant
    TE Connectivity has opened its expanded manufacturing plant in Dinkelsbuehl, Germany, according to a press release on Friday (8 July). The company has added high-tech, high-speed equipment and 50% more capacity to the existing facility. "This investment further demonstrates our commitment to automotive customers in Germany and the broader EMEA region," said Eric Kueppers, president, TE Global Automotive. "With this expansion, we can engage even more with customers to help them speed their innova...
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    Management changes (Issue 5, 2016)
    Akebono Brake has appointed Dr. Wilm Uhlenbecker as president and CEO, effective immediately, the company said in a press release yesterday (11 April). He will succeed interim president and CEO, Kanji Miyajima, who will serve as executive advisor to Uhlenbecker. Allison Transmission has promoted David S. Graziosi, the chief financial officer (CFO), to president, effective immediately. Graziosi will continue to retain his role as the head of finance at Allison. Graziosi joined Allison in Nove...
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    Kongsberg Automotive appoints Henning E. Jensen as CEO, Bruce E. Taylor as chairman
    Kongsberg Automotive has appointed Henning E Jensen as CEO and Bruce E Taylor as chairman of the company, says a company press release. Jensen will succeed Hans Peter Havdal, who has resigned from the role of CEO. Jensen has spent 15 years in the automotive industry and has held various leadership positions with General Motors, Delphi and TE Connectivity. Most recently, Jensen served as the CEO of RHI AG of Austria and Kistefos AS of Norway. Taylor spent 16 years with Eaton where he served a...
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    TE Connectivity’s Q2 net income drops 35.6% y/y to USD380 million
    TE Connectivity has reported a 35.6% year-over-year (y/y) decline in net income to USD380 million in the second quarter ended 25 March 2016, the company said in a press release on Wednesday (20 April). The company witnessed the sharp decline in net income as net sales dropped by 4.2% y/y to USD2.95 billion. Despite a decline in sales, TE Connectivity recorded 19.4% y/y growth in operating income to USD535 million. A decline in cost of sales, selling, general and administrative (SG&A) expense...
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    TE Connectivity showcases digital sensor interfaces, connectors at Automotive Wire Harness
    TE Connectivity is showcasing its digital sensor interfaces and Ethernet innovations at the 4th International Congress for Automotive Wire Harness 2016 beginning today in Ludwigsburg, Germany, according to a company press release. The company’s digital sensor interfaces are designed to simplify wiring harness complexity. TE Connectivity’s new MATEnet modular and scalable connectors for automotive Ethernet enable seamless transmission of huge volumes of data in vehicles. The connectors, desig...
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    TE Connectivity’s Q1 2016 net income down 25% y/y to USD353 million; opens manufacturing plant in Africa
    TE Connectivity has announced a 7.1% year-on-year (y/y) decline in revenues to USD2.83 billion for the first quarter (Q1) ended 25 December 2015, consequently affecting the operating income, which was down 6.4% y/y to USD398 million. According to a company press release, the company’s net income fell about 25% y/y to USD353 million. Also, the company reported a significant jump in free cash flow for the quarter, at USD237 million, up threefold y/y. That said, the capital expenditure increased ...
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    Management changes (Issue 9, 2015)
    Accuride has announced several changes in its senior management team, the company said in a press release. The company has appointed Scott D. Hazlett as president, Wheels business unit, Gregory A. Risch as president, Gunite and Michael A. Hajost as senior vice-president and chief financial officer (CFO). All three senior executives will report to Rick Dauch, president of Accuride. Hazlett will be responsible for integrating Gianetti Ruote joint-venture and global growth of Accuride’s Wheels bu...
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    DuPont appoints Edward D. Breen as company’s CEO
    DuPont has appointed Edward D. Breen as the company’s chairman and CEO, effective immediately, according to a company press release. Breen has been serving as interim chairman and CEO of DuPont since 16 October 2015 and joined the company’s board in February 2015. Previously, Breen served as CEO of Tyco International from 2002 to 2012. Breen was looking after the design and implementation of the action plan of Tyco, which included reviving the company from near bankruptcy. During his ten...
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    TE Connectivity to sell its Circuit Protection Devices business to Littelfuse
    TE Connectivity has entered into an agreement to sell its circuit protection devices (CPD) business to US-based Littelfuse, Inc. for USD350 million. The company said in a press release yesterday (9 November) that the transaction is expected to close in the second quarter of fiscal year 2016, subject to customary regulatory approvals.   Significance: TE Connectivity's CPD business is a part of the company’s data and devices business within its communications solutions segment. The busi...
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    TE Connectivity’s Q4 net income up 58.6% y/y to USD1.04 bil.
    Switzerland-based automotive electronics supplier, TE Connectivity has announced its financial results for the fourth quarter and fiscal year (FY) ending 25 September 2015. According to a company press release, in the fourth quarter of FY 2014/15, TE Connectivity’s sales stood at USD2.98 billion, a decline of 2.86% year-on-year (y/y). The slump in sales affected the operating income, which went down 9.76% y/y to USD407 million. The company's net income increased significantly by 58.6% y/y, to ...
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    BASF expands engineering plastics for EVs, HEVs
    BASF is expanding its range of engineering plastics for hybrid and electric vehicles, stated a company press release on 18 September. The company has developed the new tailor-made Ultramid and Ultradur materials, which can be used in vehicle-interior and -exterior high-voltage plug in connectors. Both materials pass the IEC standard 62196-1 and the glow wire test according to IEC 60695-2-11 at 850°C for parts made from isolating matter that holds conducting parts, and at 650°C for all ot...
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    TE Connectivity’s Q3 net income down 23% y/y to USD309 million
    Switzerland-based automotive electronics supplier TE Connectivity’s net income declined 23% year-on-year (y/y) to USD309 million in the third quarter ended 26June 2015, the company said in a press release yesterday (22 July). Net sales for the period rose 1.4% y/y to USD3.1 billion, driving a marginal (1% y/y) increase in operating income to USD469 million. TE Connectivity operates its business through three segments: Transportation Solutions, Industrial Solutions and Communications Soluti...
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    TE Connectivity, Andretti Technologies to jointly develop new automotive technologies
    TE Connectivity has partnered with Andretti Technologies to develop products in areas including battery, electric motor, inverter and chassis, according to a press release by TE Connectivity. Andretti Technologies, the technology arm of racing enterprise Andretti Autosport formed in January 2015, will focus on developing powertrain for the 2015/2016 Formula E season. TE's expertise in sensors and connectors, including its Deutsch Autosport range of products, AST sensors and Raychem cable and wir...
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    TE Connectivity’s Q2 net income up 65.5% y/y to USD599 million
    Switzerland-based automotive electronics supplier TE Connectivity's  net income rose 65.5% year-on-year (y/y) to USD599 million in the second quarter ended 27 March 2015, the company said in a press release yesterday (22 April). The company reported a 4% y/y increase in net sales to USD3.08 billion. Despite higher sales, TE Connectivity’s operating income for the period declined 4.8% y/y to USD448 million. Research, development, and engineering expenses for the period stood at USD160 mill...
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    Management changes (Issue 3, 2015)
    Akebono Brake has appointed Yoshimasa Ogino as chairman, president and CEO of the company effective 1 April 2015.  Prior to this role, Ogino was chairman of Akebono Brake. He will continue to be a member of Akebono Brake’s board. Alcoa has named José Aurélio Drummond president of Latin America business, effective 9 March 2015. Drummond, who will be based in São Paulo, Brazil, will support the company’s transformation strategy to facilitate Alcoa’s growth in the region. Apol...
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    TE Connectivity appoints Terrence Curtin as president
    Switzerland-based electronics supplier TE Connectivity has appointed Terrence Curtin as president, according to a company press release yesterday (10 March). Terrence Curtin will report to Tom Lynch, TE Connectivity's chairman and CEO. Curtin will be responsible for the company's Connectivity and Sensor businesses as well as mergers and acquisition (M&A) activities. Prior to this role, Curtin served as president of TE Connectivity’s Industrial Solutions segment, responsible for all aspects...
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    TE Connectivity announces pricing USD623 million senior notes offering
    TE Connectivity said that its wholly owned subsidiary, Tyco Electronics Group S.A. (Tyco), has announced pricing of EUR550 million (USD623 million) senior notes offering due 2023, says a company press release. The notes will carry an interest rate of 1.1%, payable annually, and will be issued at a price equal to 99.680% of their face value. The issue is expected to close on 27 February 2015. Significance: Tyco Electronics has appointed BNP Paribas, Deutsche Bank, London Branch and Merrill Ly...
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    EDITORIAL – Apple’s automotive ambitions could be the start of a fundamental change in automotive supply
    “We take steel, raw steel, and turn it into a car. They have no idea what they’re getting into if they get into that.” That was how former GM CEO Dan Akerson described the rumours that consumer electronics company Apple was developing an electric vehicle this week. The team is reportedly working on robotics, and metal and materials consistent with vehicle manufacturing. Apple often explores potential products and technologies, going as far as building prototypes that will never reach t...
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    TE Connectivity’s Q1 net income up 33.7% y/y to USD472 million
    Switzerland-based automotive electronics supplier TE Connectivity has announced its financial results for the first quarter ended 26 December 2014. TE Connectivity’s net sales increased 4.2% year on year (y/y) to USD3.47 billion in the first quarter of fiscal year (FY) 2014/15, the company said in a press release yesterday (28 January). Operating income was nearly flat at USD477 million, while net income jumped 33.7% y/y to USD472 million. In the first quarter of FY 2014/15, TE Connectivity re...
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    Cooper-Standard appoints Matthew W. Hardt as executive vice-president, CFO
    Cooper-Standard has appointed Matthew W. Hardt as executive vice-president and chief financial officer (CFO), the company said in a press release. Hardt will replace the company’s current CFO Allen J. Campbell who has been appointed as chief infrastructure officer. Cooper-Standard said that Hardt will join the company as executive vice-president on 2 February and become CFO on 2 March when Campbell transitions to the newly-created position of chief infrastructure officer. As CFO, Hardt wil...
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    Car Charging to enhance Blink Level II commercial EV charging station's performance
    Car Charging announced in a press release yesterday (25 November) that it would enhance the performance of its Blink Level II commercial electric vehicle (EV) charging stations. The company has selected TE Connectivity Ltd (TE) as its new supplier for Blink Level II commercial EV charging stations’ cord set. Significance: Blink’s Level II commercial EV charging stations previously used Rema cord sets. With the change of the supplier to TE, any new Blink Level II EV chargers will now...
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    Mergers and acquisitions (Issue 9, 2014)
    Acquirer Acquired Business Sector Comment Aunde Fehrer Interiors Aunde Group has completed the acquisition of Germany-based automotive interior components supplier Fehrer. Shares exchange towards the completion of the deal took place on Tuesday after the transaction received approval from antitrust authorities. ...
    Insights
    TE Connectivity shows connectivity, sensor technologies at electronica trade fair in Germany
    Switzerland-based automotive electronics supplier TE Connectivity showcased its portfolio of connectivity and sensor solutions at the electronica trade fair in Munich, Germany, between 11 and 14 November 2014, says a company press release. The products displayed at the fair are supplied to customers across industries, including automotive, industrial and commercial transportation, aerospace and defense, industrial solutions, and consumer applications. Products exhibited for the automotive indust...
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    TE Connectivity’s net income up 40% y/y to USD1.8 billion in FY 2013/14
    Switzerland-based automotive electronics supplier TE Connectivity has announced its financial results for the fiscal year (FY) and fourth quarter ended 26 September 2014. According to a company press release, TE Connectivity’s net sales increased 4.8% year on year (y/y) to USD13.9 billion in FY 2013/14. Operating income was up 31.4% y/y to USD2 billion, while net income jumped 39.6% y/y to USD1.8 billion. In FY 2013/14, TE Connectivity registered a 1.8% y/y growth in operating cash flow to USD...
    News
    TE Connectivity acquires sensors manufacturer Measurement Specialties
    TE Connectivity has completed acquisition of Measurement Specialties, the company said in a press release. The acquired company is a major supplier of sensors and sensors-based solutions for various applications including automotive. For reporting purpose, the acquired business will operate as a part of TE’s Transportation Solutions segment. "The acquisition of Measurement Specialties establishes TE as a leader in the very attractive high-growth sensor market," said Tom Lynch, chairman and CEO...
    News
    TE Connectivity acquires American Sensor Technologies
    TE Connectivity, a Switzerland-based supplier of electronic connectivity components to the automotive industry, has acquired American Sensor Technologies (AST), a US-based producer of pressure and position sensing solutions. According to a press release by TE Connectivity, the company aims to further expand its growing portfolio of sensors and sensor systems through the acquisition. Significance: AST manufactures pressure sensors, transducers, and related instrumentation to monitor pressure,...
    News
    TE Connectivity to invest USD57.7m in India
    TE Connectivity has announced plans to invest INR3bn (USD57.7m) in expanding its presence in India, reports Autocar Professional. The company intends to set up a new manufacturing facility in Bangalore, Karnataka. In addition, TE will expand its two existing facilities in India, located in Shirwal and Wagholi in Pune, Maharashtra, over the next three years. The increased capacity is expected to help the company support growing local demand and exports to international markets. The company wi...
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    LSIS completes construction of EV relay manufacturing plant in Korea
    LS Industrial Systems (LSIS) has completed the construction of a KRW31.4bn (USD26.9m) electric vehicle (EV) relay manufacturing facility in South Korea, reports South Korea's MK Business News. The facility is said to be Korea's first dedicated EV relay manufacturing unit. The facility is situated at the company's existing Cheongju factory in North Chungcheong Province. Production began immediately after LSIS held the inauguration ceremony on 15 May. Significance: LSIS had been manufacturing E...
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