Summary
TE Connectivity plc (TEL) has announced the successful closing of its previously disclosed acquisition of the Richards Manufacturing business through the acquisition of Relay Holding, LLC and its subsidiaries. This transaction, which was finalized on April 1, 2025, marks a strategic move to expand TEL's operational footprint. The company has furnished a press release detailing this closing, which is incorporated by reference into this 8-K filing. While this 8-K primarily serves to announce the consummation of the transaction, investors should note that detailed financial information and the full terms of the Transaction Agreement will be provided in TEL's upcoming Quarterly Report on Form 10-Q for the quarter ended March 28, 2025. The acquisition is expected to be a significant development for TE Connectivity's growth and market position.
Key Highlights
- 1TE Connectivity plc (TEL) has officially closed its acquisition of the Richards Manufacturing business.
- 2The acquisition was completed through the purchase of Relay Holding, LLC and its subsidiaries.
- 3The transaction consummated on April 1, 2025.
- 4A press release announcing the closing was issued on April 1, 2025, and is furnished as part of this filing.
- 5TEL acted as a guarantor for its subsidiary, TE Connectivity Corporation (Buyer), under the Transaction Agreement.
- 6Further details regarding the Transaction Agreement will be included in the upcoming Form 10-Q for the quarter ended March 28, 2025.