TE Connectivity to acquire Richards Manufacturing for about $2.3 billion

Reuters

2025/02/12

Feb 12 (Reuters) - TE Connectivity TEL.N said on Wednesday it would buy Richards Manufacturing Co from funds managed by Oaktree Capital Management and members of the Bier family for about $2.3 billion in cash, aiming to expand in the energy market.

(Reporting by Abhinav Parmar in Bengaluru; Editing by Savio D'Souza)

((Abhinav.Parmar@thomsonreuters.com;))

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