TE Connectivity Acquisitions

Part
01
of one
Part
01

TE Connectivity Acquisitions

Part 1

All requested details for the additional 12 companies acquired by TE Connectivity have been populated in rows 3-14 of the attached spreadsheet.

Findings

1999

  • Electromechanical Components Division of Siemens was acquired by Tyco Electronics on Sep 28, 1999. At the time of the acquisition, the organization had annual sales of £400 million. The cost of acquisition was £660 million.

2000

  • OEM Division of Thomas & Betts was acquired by Tyco Electronics in 2000. At the time of the acquisition, the organization had annual sales of $686.7 million. The cost of acquisition was $750 million.

2014

  • American Sensor Technologies was acquired by TE Connectivity on September 2, 2014. At the time of the acquisition, American Sensor Technologies had annual sales of ~$20 million.

2015

  • Polamco was acquired by TE Connectivity on Jan 16, 2015. The company has offices in the United States, the United Kingdom, and France.

2016

  • Intercontec Produkt GmbH was acquired by TE Connectivity on July 20, 2016. The company has offices in Germany.

2017

2019

  • Alpha Technics was acquired by TE Connectivity on May 2, 2019. At the time of acquisition, Alpha Technics had annual sales of ~$20 million.


Research Strategy

Despite scouring through annual reports, various industry magazines like EE Times, news such as CBS News, business information websites like Crunchbase, business management consultants websites such as Gründerallianz Ruhr and Dealroom, as well as the website of each company, our research team could neither identify the cost of acquisition nor the companies sales at the time of acquisition for MicroGroup, Intercontec Produkt GmbH, Jaquet Technology Group, and Polamco due to limited publicly available information. For the other eight companies, we managed to identify either the cost of acquisition or a company's sales at the time of acquisition or even both.


Part 2: TE Connectivity Acquisitions From 2007-2019

By utilizing the annual reports from 2007 through 2019, we identified a list of TE Connectivity acquisitions as outlined below:

2007

  • In 2007, Tyco International acquisitions were within the ADT Worldwide, Safety Products and Flow Control segments.

2008

  • Tyco International acquired Winner Security Services LLC, Sensormatic Security Corp. (‘‘SSC’’), and First Service Security (‘‘FirstService’’) in 2018.
  • The ADT Worldwide segment of Tyco International acquired substantially all the assets of Winner on June 5, 2008.
  • The ADT Worldwide segment of Tyco International acquired FirstService on June 30, 2008.
  • The ADT Worldwide segment of Tyco International acquired substantially all the assets of SSC on July 9, 2008.

2009

2010

  • Tyco International acquired Sensitive Object on January 20, 2010.
  • Tyco International acquired certain assets of the Optical Products Group of Zarlink Semiconductor, Inc. on May 14, 2010.
  • On July 12, 2010, Tyco International acquired PlanarMag, Inc. (‘‘PlanarMag’’).

2011

2012

2014

2015

2016

  • During fiscal 2016, TE Connectivity acquired four businesses, including the Creganna, Jaquet, and Intercontec (already discussed in part 1) for a combined cash purchase price of $1.3 billion.

2017

  • During fiscal 2017, TE Connectivity acquired two businesses within the transportation solutions and industrial solutions segments.

2018

2019

  • During fiscal 2019, TE Connectivity acquired three businesses within the transportation solutions segment.

Research Strategy

During our extensive research, we examined the annual reports of TE Connectivity (Tyco International) from 2007-2019. Unfortunately, in some years, our research team could only identify the number of acquisitions that year but not the actual names of the acquired companies. As a result, the team thought that it would be prudent to scour through various press releases like PR Newswire and news such as startupranking. After doing so, we discovered that TE Connectivity acquired Westfire and Xiamen Delixing Electric Equipment Business on November 14, 2013 and Aug 11, 2014 respectively.


Part 3: TE Connectivity (Tyco Electronics) Acquisitions From 2000-2006

TE Connectivity acquisitions from 2000-2006 have been outlined below:

2000

  • Tyco International acquired Flow Control Technologies (“FCT”) in February 2000.
  • Tyco International acquired Fiber-Lam in March 2000.
  • Tyco International acquired Critchley Group PLC (“Critchley”) in March 2000.
  • Tyco International acquired CIGI Investment Group, Inc. (“CIGI”) in October 2000.
  • Tyco International acquired Mallinckrodt in October 2000.
  • Tyco International acquired InnerDyne, Inc. (“InnerDyne”) in December 2000.
  • Tyco International acquired Lucent Technologies’ Power Systems business unit in December 2000.

2001

  • Tyco International acquired Manuli Tape in 2001.
  • Tyco International acquired Simplex Time Recorder Company in January 2001.
  • Tyco International acquired Pyrotenax in March 2001.
  • Tyco International acquired Scott Technologies, Inc. (“Scott”) in May 2001.
  • Tyco International acquired CIT Group Inc on June 1, 2001.
  • Tyco International acquired Electronic security systems businesses of Cambridge Protection Industries, L.L.C. (“SecurityLink”) in July 2001.
  • Tyco International acquired MacFarlane Plastic on July 23, 2001.
  • Tyco International acquired Edison select in August 2001.
  • Tyco International acquired Deutsche Armaturen AG ("DAAG") in September 2001.
  • Tyco International acquired SBC/Smith Alarm Systems ("Smith Alarm") in October 2001.
  • Tyco International acquired Century Tube Corporation ("Century") in October 2001.

2002

  • Tyco International acquired Paragon Trade Brands, Inc. ("Paragon") in January 2002.
  • Tyco International acquired Communications Instruments, Inc. ("CII") in January 2002.
  • Tyco International acquired Clean Air Systems in February 2002.

2005

  • On July 5, 2005, Valleylab, a division in Tyco's Healthcare segment, acquired Vivant Medical Inc.


Research Strategy

Our extensive research examined Tyco International's annual reports of 2000-2006. According to Tyco International's form 10-K of 2014, Tyco International acquired seven businesses within healthcare, engineered products and services, fire and security, and electronics during the 2003 fiscal year. Similarly, the company acquired two businesses within engineered products and services and fire and security during the 2004 fiscal year. Even so, after scouring through the individual annual financial reports of 2003 and 2004, we could not identify the specific businesses that were acquired during these periods. However, we found that Tyco agreed to sell its undersea fiber optic telecommunication network (Tyco Global Network) to one of India's telephone and internet service providers in 2004.
In addition, even after examining the publicly published annual reports of Tyco International, we could not identify the name of the one business that was acquired for an aggregate cost of $18 million in 2006.
Sources
Sources