Molex acquires Connecteurs Cinch’s connectors business

Lisle, IL—Molex Inc. reports that it has successfully completed its acquisition of the automotive and specialty connectors business of Connecteurs Cinch SA, an affiliate of SNECMA, the France-based aerospace group.

04/06/2004


Lisle, IL— Molex Inc. reports that it has successfully completed its acquisition of the automotive and specialty connectors business of Connecteurs Cinch SA, an affiliate of SNECMA, the France-based aerospace group.

The transaction has closed with respect to Cinch's operations and facilities in Europe. However, completion of the transaction with respect to Cinch's other facilities, located in India and China, will take place as soon as certain governmental approvals are obtained in those countries. These approvals are expected to take place in the third quarter of 2004. Terms of the overall transaction were not disclosed.

Joe King, Molex’s vice chairman and CEO, reports that acquiring Connecteurs Cinch will help Molex boost its share of the automotive connectors market in Europe. 'There is a good fit between the products and technology of Connecteurs Cinch and Molex's European Automotive Division,' says King. 'Major global automotive manufacturers demand strong, established suppliers who can meet a full range of connector needs. This gives us an excellent opportunity to strengthen our growing position in this industry.'

Molex is a 65-year-old manufacturer of electronic, electrical and fiber-optic interconnection products and systems; switches; value-added assemblies; and application tooling. The company operates 58 manufacturing facilities in 19 countries, and employs approximately 17,275 people.

Control Engineering Daily News Desk
Jim Montague, news editor
jmontague@reedbusiness.com





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me