Latest news with #Trexon
Time of India
a day ago
- Business
- Time of India
Amphenol to buy Trexon in $1 bn deal to boost defense business
NEW DELHI: US-based electronics gear maker 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.
Yahoo
2 days ago
- Business
- Yahoo
Amphenol boosts defense portfolio with $1 billion buyout deal for Trexon
(Reuters) -Amphenol will buy cable assembly firm Trexon for about $1 billion in cash, the electronic equipment maker said on Monday, as it aims to tap into rising defense spending and expand its military-focused product portfolio. Trexon specializes in connectivity products, including wire, cable and connectors, designed 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 CEO Adam Norwitt. The proposed buyout comes just weeks after Amphenol — which makes cables, sensors and antennas — agreed to acquire CommScope's connectivity and cable solutions unit in a $10.5 billion deal, as it looks to capitalize on surging demand for AI-driven applications and high-speed data center infrastructure. Shares of Amphenol, which expects to finance the deal with Trexon through cash on hand, were up marginally in premarket trading. They have risen more than 57% so far this year. Trexon, which has facilities in the U.S. and the UK, is expected to have 2025 sales of around $290 million and EBITDA margin of 26%. Amphenol expects the acquisition to boost its earnings per share in the first year after closing, which is likely in the fourth quarter of this year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Amphenol boosts defense portfolio with $1 billion buyout deal for Trexon
(Reuters) -Amphenol will buy cable assembly firm Trexon for about $1 billion in cash, the electronic equipment maker said on Monday, as it aims to tap into rising defense spending and expand its military-focused product portfolio. Trexon specializes in connectivity products, including wire, cable and connectors, designed 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 CEO Adam Norwitt. The proposed buyout comes just weeks after Amphenol — which makes cables, sensors and antennas — agreed to acquire CommScope's connectivity and cable solutions unit in a $10.5 billion deal, as it looks to capitalize on surging demand for AI-driven applications and high-speed data center infrastructure. Shares of Amphenol, which expects to finance the deal with Trexon through cash on hand, were up marginally in premarket trading. They have risen more than 57% so far this year. Trexon, which has facilities in the U.S. and the UK, is expected to have 2025 sales of around $290 million and EBITDA margin of 26%. Amphenol expects the acquisition to boost its earnings per share in the first year after closing, which is likely in the fourth quarter of this year.
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Amphenol to Buy Trexon From Audax Private Equity for $1 Billion
Amphenol APH -1.38%decrease; red down pointing triangle has struck a deal to buy Trexon, a provider of interconnect and cable assemblies for the defense market, from Audax Private Equity for about $1 billion in cash. Amphenol on Monday said Boston-based Trexon, which has 1,100 employees at facilities in the U.S. and U.K., expects 2025 sales of around $290 million.
Reuters
2 days ago
- Business
- Reuters
Amphenol boosts defense portfolio with $1 billion buyout deal for Trexon
Aug 18 (Reuters) - Amphenol (APH.N), opens new tab will buy cable assembly firm Trexon for about $1 billion in cash, the electronic equipment maker said on Monday, as it aims to tap into rising defense spending and expand its military-focused product portfolio. Trexon specializes in connectivity products, including wire, cable and connectors, designed 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 CEO Adam Norwitt. The proposed buyout comes just weeks after Amphenol — which makes cables, sensors and antennas — agreed to acquire CommScope's (COMM.O), opens new tab connectivity and cable solutions unit in a $10.5 billion deal, as it looks to capitalize on surging demand for AI-driven applications and high-speed data center infrastructure. Shares of Amphenol, which expects to finance the deal with Trexon through cash on hand, were up marginally in premarket trading. They have risen more than 57% so far this year. Trexon, which has facilities in the U.S. and the UK, is expected to have 2025 sales of around $290 million and EBITDA margin of 26%. Amphenol expects the acquisition to boost its earnings per share in the first year after closing, which is likely in the fourth quarter of this year.
