Acquisition of terminal block business
TE Connectivity (TE) and ABB announce TE has closed its previously announced acquisition of ABB’s ENTRELEC terminal block business.
“We are combining two portfolios that will be more competitive under TE’s ownership,” said Tarak Mehta, president of ABB's Electrification Products division. “This transaction demonstrates ABB’s commitment to active portfolio management, a key element of our Next Level strategy”.
The ENTRELEC terminal block business, originally founded in 1920, serves customers in more than 70 countries. The business comprises research and development, with manufacturing sites in France and Poland. By adding the terminal block offering, under the product brand ENTRELEC, TE will offer a complete system for power, signal and data connectivity with special focus on harsh environments.
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