TE Connectivity

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
TE Connectivity Ltd.
Public
Traded as NYSETEL[1]
S&P 500 Component
Industry Electronics
Founded 2007
Headquarters Schaffhausen, Switzerland (incorporation)[1]
Berwyn, Pennsylvania (executive)
Key people
Tom Lynch, CEO
Products Electronics, Electronic Components, Networking
Revenue ca. USD 12 billion (Fiscal 2014)
Website http://www.te.com
Footnotes / references
[1]

TE Connectivity Ltd. designs and manufactures connectivity and sensor solutions for a variety of industries including automotive, industrial equipment, data communication systems, aerospace, defense, oil and gas, consumer electronics, energy and subsea communications. The company serves customers in more than 150 countries.

History

On June 29,2007, Tyco International was split and Tyco Electronics Ltd., along with Covidien, became separate, independently traded public companies. On March 10, 2011, Tyco Electronics Ltd. changed its name to TE Connectivity, which the company says it feels is more relevant to its position as a connectivity and sensor component manufacturer.[2][3] On February 16, 2006, a group of institutional investors, part of an existing lawsuit against Tyco International, sued the company to stop its proposed breakup plan.[4]

Structure

As an independent company, TE Connectivity operates through three major segments:

  • Transportation Solutions (50%)
  • Industrial Solutions (28%)
  • Communications Solutions (22%)

Total: USD12 billion

As of 2015, the company has nearly 75,000 employees operating in almost 50 countries.

Sales by region (as of 2015) were: Europe/Middle East/Africa (35%), Americas (30%), Asia—Pacific (35%).

TE Connectivity Ltd. announced on Friday, August 28, 2015, that it has completed the sale of its broadband-networks business to CommScope Holding Co. for about US$3 billion.[5]

See also

References

  1. 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
  2. Lua error in package.lua at line 80: module 'strict' not found.
  3. Lua error in package.lua at line 80: module 'strict' not found.
  4. manufacturing.net "Investors Sue Tyco Over Proposed Breakup"
  5. te.com

External links