• 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”.