Amphenol Corporation Announces Acquisition of Halo Technology and Closing of Sale of MTS Test & Simulation Business
01 Dezember 2021 - 10:46PM
Business Wire
Amphenol Corporation (NYSE: APH) today announced that it has
acquired Halo Technology Limited for approximately $715
million.
Halo is headquartered in Tustin, California with operations in
North America and Europe, and is a leading provider of active and
passive fiber optic interconnect components for the communications
infrastructure markets with expected 2021 sales of approximately
$250 million.
“We are excited to welcome the entire Halo Technology team to
the Amphenol family,” said R. Adam Norwitt, Amphenol’s President
and CEO. “Halo’s product offerings are very complementary to our
existing high-speed and fiber optic interconnect solutions and
represent a significant long-term growth opportunity for Amphenol.
In particular, Halo’s high-technology products strengthen our
offering to IT and data communications, mobile networks and
broadband customers, all of whom are upgrading their systems and
networks to manage increased data traffic. We look forward to
working closely with Halo’s experienced management team to deliver
a broader range of interconnect solutions to our customers around
the world.”
Consistent with the Company’s acquisition strategy, Amphenol
expects the acquisition to be accretive to earnings per share in
the first year post closing. Amphenol will provide further
information on the acquisition on its next regularly scheduled
earnings call.
Separately, Amphenol also announced the closing of the sale of
the MTS Test & Simulation business to Illinois Tool Works Inc.
(NYSE: ITW). Since the closing of the MTS Systems Corporation
transaction earlier this year, Amphenol has reported the Test &
Simulation business as a discontinued operation and therefore the
closing of the sale will have no impact on Amphenol’s financial
results from continuing operations or fourth quarter guidance.
About Amphenol
Amphenol Corporation is one of the world’s largest designers,
manufacturers and marketers of electrical, electronic and fiber
optic connectors and interconnect systems, antennas, sensors and
sensor-based products and coaxial and high-speed specialty cable.
Amphenol designs, manufactures and assembles its products at
facilities in the Americas, Europe, Asia, Australia and Africa and
sells its products through its own global sales force, independent
representatives and a global network of electronics distributors.
Amphenol has a diversified presence as a leader in high-growth
areas of the interconnect market including: Automotive, Broadband
Communications, Commercial Aerospace, Industrial, Information
Technology and Data Communications, Military, Mobile Devices and
Mobile Networks. For more information, visit
https://amphenol.com.
Forward-Looking Statements
Statements in this press release which are other than historical
facts are intended to be “forward looking statements” within the
meaning of the Securities Exchange Act of 1934, the Private
Securities Litigation Reform Act of 1995 and other related laws.
While the Company believes such statements are reasonable, the
actual results and effects could differ materially from those
currently anticipated. Please refer to Part I, Item 1A of the
Company’s Form 10-K for the year ended December 31, 2020, for some
factors that could cause the actual results to differ from
estimates. In providing forward-looking statements, the Company is
not undertaking any duty or obligation to update these statements
publicly as a result of new information, future events or
otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211201006167/en/
Sherri Scribner Vice President, Strategy and Investor Relations
203-265-8820 IR@amphenol.com
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