Summary
Amphenol Corporation (APH) announced on November 27, 2018, its entry into a definitive agreement to acquire SSI Controls Technologies, which is the sensor manufacturing division of SSI Technologies, Inc. This strategic acquisition is expected to enhance Amphenol's capabilities and market position within the sensor technology sector. Investors should note that this announcement is made under Regulation FD and is not intended to be deemed "filed" for the purposes of Section 18 of the Exchange Act, nor incorporated by reference into future SEC filings unless expressly stated.
Key Highlights
- 1Amphenol Corporation (APH) has entered into a definitive agreement to acquire SSI Controls Technologies.
- 2SSI Controls Technologies is the sensor manufacturing division of SSI Technologies, Inc.
- 3The acquisition is expected to strengthen Amphenol's position in the sensor market.
- 4The announcement was made via a press release filed as an exhibit to the 8-K.
- 5The information is provided under Regulation FD Disclosure (Item 7.01).
- 6This filing does not represent a financial statement update but an announcement of a material event.
- 7The transaction's financial terms were not disclosed in this specific filing.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce Amphenol Corporation's entry into a definitive agreement to acquire SSI Controls Technologies, the sensor manufacturing division of SSI Technologies, Inc., in accordance with Regulation FD disclosure rules.
SSI Controls Technologies is the sensor manufacturing division of SSI Technologies, Inc., which Amphenol Corporation has agreed to acquire.
This 8-K filing itself does not contain updated financial statements. However, the acquisition is a material event that will likely impact Amphenol's future financial performance and reporting, details of which would be provided in subsequent filings.
The specific financial terms and details of the acquisition agreement were not disclosed in this particular 8-K filing. The announcement primarily serves to inform the public about the agreement to acquire the sensor division.