Amphenol to buy Trexon in $1 bn deal to boost defense business
Amphenol
is buying cable assembly firm
Trexon
for $1 billion in cash, to capture business opportunities in the defense market amid a rise in
military spending
.
The Boston, Massachusetts-headquartered Trexon manufactures high-reliability interconnect and cable assemblies for industries ranging from military and defense to medical and
quantum computing
.
'Trexon's unique portfolio of high-reliability cable assembly products will be highly complementary to our existing offerings in the defense market,' said Amphenol President and Chief Executive Officer, R Adam Norwitt, in a joint statement Monday.
The buyout announcement comes just weeks after Amphenol agreed to acquire its domestic rival
CommScope
's connectivity and cable solutions unit in a $10.5 billion deal, aiming to capitalise on the surging demand for artificial intelligence (AI)-driven applications and data center infrastructure.
Trexon, with facilities in the US and the UK, expects sales of $290 million in 2025 and an EBITDA of 26%.
The transaction is subject to certain regulatory approvals and other customary closing conditions. Amphenol will finance the transaction with cash on hand and expects to close in the fourth quarter of 2025.
Amphenol manufactures electronic and fiber optic connectors and interconnect systems, antennas, sensor-based products, and coaxial and high-speed specialty cable.
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