TE CONNECTIVITY LTD.
[Maple Grove, Minnesota] - March 4, 2015 - TE Connectivity Ltd. (NYSE: TEL), a world leader in connectivity, announced today that it has completed the previously announced acquisition of AdvancedCath.
AdvancedCath is a leading source of advanced catheter systems, with estimated 2015 revenues of $60 million. The company combines best-in-class technologies with industry-leading expertise in lifesaving therapy areas.
The acquisition complements and significantly expands TE's connectivity and sensor position in the attractive, high-growth interventional space of the medical market. Further, it will allow TE to provide more complete integrated solutions to customers.
For reporting purposes, AdvancedCath will be included as part of TE's Medical business, which is part of TE's
Industrial Solutions segment.
TE Connectivity (NYSE: TEL) is a $14 billion global technology leader. Our connectivity and sensor solutions are essential in today's increasingly connected world. We collaborate with engineers to transform their concepts into creations - redefining what's possible using intelligent, efficient and high-performing TE products and solutions proven in harsh environments. Our
80,000 people, including 7,500 design engineers, partner with customers in over 150 countries across a wide range of
industries. We believe EVERY CONNECTION COUNTS - www.TE.com.
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Contact: Media Relations:
LeeAnn Fahl
TE Connectivity
952-486-4731
Leeann.fahl@te.com
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