Molex Expands RF Capabilities with Zhenjiang Tean Telecom & Appliance Co., Ltd. Acquisition
18 November 2009 - 4:20PM
Business Wire
Molex Incorporated (NASDAQ: MOLX)(NASDAQ: MOLXA) a global
electronic components company, today said that it has completed the
acquisition of China-based Zhenjiang Tean Telecom & Appliance
Co., Ltd. (Tean), located in Jiangsu Province. Tean designs and
manufactures a variety of radio frequency (RF) and microwave
products for the telecom and base station/wireless markets
globally.
According to Mike Dunne, General Manager, RF Products unit of
Molex Incorporated’s Global Integrated Products Division, this is a
strategic acquisition that will help Molex boost its share of the
rapidly growing global market for RF and microwave interconnection
systems.
“Tean is an excellent fit for Molex because it expands our RF
and microwave product capabilities and gives us a strong presence
in the rapidly growing market in China,” said Dunne. “Tean is a
strong competitor because of its innovative designs and quality
manufacturing processes. They are a great fit with our existing RF
business in Taiwan and the U.S., giving us the opportunity to
expand both our product offerings and geographic reach. Tean has
technical expertise, a strong customer base, and an excellent group
of talented and experienced people.”
Xiaoting Zhang, Chairman of Zhenjiang Tean Telecom &
Appliance, Co., Ltd. said Molex’s global resources and presence in
the RF and microwave market will help both companies grow.
“Molex’s global reach will help us grow our business more
quickly, “he said. “Our capabilities complement each other and
together we are confident we can become a major force in the
rapidly expanding global market for RF and microwave products.”
Tean Telecom & Appliance Co., Ltd. was established in 1995.
It will operate as a subsidiary of Molex Incorporated and will be
part of the company’s Global Integrated Products Division.
About Molex Incorporated
Molex Incorporated is a 71-year-old global manufacturer of
electronic, electrical and fiber optic interconnection systems.
Based in Lisle, Illinois, USA, the company operates 43
manufacturing locations in 18 countries. The Molex website is
www.molex.com.
Molex is a registered trademark of Molex Incorporated
Editor’s note: Molex is traded on the NASDAQ Global Select
Market (MOLX and MOLXA) in the United States and on the London
Stock Exchange. The Company’s voting common stock (MOLX) is
included in the S&P 500 Index.
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