Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Amphenol Corporation Announces Acquisition of Halo Technology and Closing of Sale of MTS Test & Simulation Business

12/01/2021 | 04:47pm EST

Amphenol Corporation (NYSE: APH) today announced that it has acquired Halo Technology Limited for approximately $715 million.

Halo is headquartered in Tustin, California with operations in North America and Europe, and is a leading provider of active and passive fiber optic interconnect components for the communications infrastructure markets with expected 2021 sales of approximately $250 million.

“We are excited to welcome the entire Halo Technology team to the Amphenol family,” said R. Adam Norwitt, Amphenol’s President and CEO. “Halo’s product offerings are very complementary to our existing high-speed and fiber optic interconnect solutions and represent a significant long-term growth opportunity for Amphenol. In particular, Halo’s high-technology products strengthen our offering to IT and data communications, mobile networks and broadband customers, all of whom are upgrading their systems and networks to manage increased data traffic. We look forward to working closely with Halo’s experienced management team to deliver a broader range of interconnect solutions to our customers around the world.”

Consistent with the Company’s acquisition strategy, Amphenol expects the acquisition to be accretive to earnings per share in the first year post closing. Amphenol will provide further information on the acquisition on its next regularly scheduled earnings call.

Separately, Amphenol also announced the closing of the sale of the MTS Test & Simulation business to Illinois Tool Works Inc. (NYSE: ITW). Since the closing of the MTS Systems Corporation transaction earlier this year, Amphenol has reported the Test & Simulation business as a discontinued operation and therefore the closing of the sale will have no impact on Amphenol’s financial results from continuing operations or fourth quarter guidance.

About Amphenol

Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in the Americas, Europe, Asia, Australia and Africa and sells its products through its own global sales force, independent representatives and a global network of electronics distributors. Amphenol has a diversified presence as a leader in high-growth areas of the interconnect market including: Automotive, Broadband Communications, Commercial Aerospace, Industrial, Information Technology and Data Communications, Military, Mobile Devices and Mobile Networks. For more information, visit https://amphenol.com.

Forward-Looking Statements

Statements in this press release which are other than historical facts are intended to be “forward looking statements” within the meaning of the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and other related laws. While the Company believes such statements are reasonable, the actual results and effects could differ materially from those currently anticipated. Please refer to Part I, Item 1A of the Company’s Form 10-K for the year ended December 31, 2020, for some factors that could cause the actual results to differ from estimates. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law.

ę Business Wire 2021
01/14RBC Capital Lifts Amphenol's Price Target to $80 From $76; Sector Perform Rating Kept
01/10Goldman Sachs Adjusts Amphenol Price Target to $92 From $82, Maintains Buy Rating
01/07Cowen Downgrades Amphenol to Market Perform From Outperform; Price Target is $80
2021Stifel Raises Price Target on Amphenol to $85 From $75, Maintains Hold Rating
2021Citigroup Raises Price Target on Amphenol to $100 From $80, Maintains Buy Rating
2021AMPHENOL CORPORATION : Ex-dividend day for
2021Morgan Stanley Lifts Price Target on Amphenol to $83 From $80, Maintains Equalweight Ra..
2021JPMorgan Adjusts Amphenol's Price Target to $85 From $82, Maintains Neutral Rating
2021AMPHENOL CORP /DE/ : Entry into a Material Definitive Agreement, Creation of a Direct Fina..
2021Amphenol Corporation Enters into A Second Amended and Restated Credit Agreement
More news
Analyst Recommendations on AMPHENOL CORPORATION
More recommendations
Financials (USD)
Sales 2021 10 602 M - -
Net income 2021 1 527 M - -
Net Debt 2021 3 786 M - -
P/E ratio 2021 33,4x
Yield 2021 0,76%
Capitalization 48 805 M 48 805 M -
EV / Sales 2021 4,96x
EV / Sales 2022 4,64x
Nbr of Employees 80 000
Free-Float -
Duration : Period :
Amphenol Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMPHENOL CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 81,61 $
Average target price 86,33 $
Spread / Average Target 5,79%
EPS Revisions
Managers and Directors
Richard Adam Norwitt President, Chief Executive Officer & Director
Craig Anthony Lampo Chief Financial Officer & Senior Vice President
Martin H. Loeffler Chairman
William J. Doherty Senior VP & Group GM-Information Communications
Linda Chan Vice President-Information Technology
Sector and Competitors