20 May 2016
TE Connectivity (TE) Acquires Jaquet Technology Group
Acquisition creates unparalleled sensors portfolio and expands reach of sensor products
SCHAFFHAUSEN, Switzerland – May 20, 2016 – TE Connectivity (TE), a world leader in connectivity and sensors, has acquired Jaquet Technology Group, a global leader that designs and manufactures innovative speed sensors for the auto, rail and power markets based in Switzerland. With JACQUET, TE extends its global platform of engineering and manufacturing expertise for sensor technology.
“We are pleased to welcome JACQUET Technology Group, as we strategically expand our speed sensors technology for turbochargers and our automotive and Industrial Commercial Transportation (ICT) portfolio,” said John Mitchell, SVP & GM, Sensor Solutions, TE Connectivity. “The acquisition allows us to accelerate the company’s position in the market and our journey in becoming the premier partner-of-choice for sensor technology worldwide.”
“Becoming a strategic part of TE Connectivity’s sensor division is a natural fit for JACQUET and will contribute to the expansion of our innovative sensor portfolio, said CEO, Markus Eigenmann. “This move will help strengthen TE’s presence in Switzerland and further expand JACQUET’s go-to-market sales growth, positioning the company as the leader within the sensors market.”
“The strength and reputation of JACQUET, combined with TE’s industry leading capabilities and global reach, will enable us to provide our customers unparalleled solutions that combine sensor, connector, material science and electrical technologies,” said John Mitchell.
TE and JACQUET are committed to making the transition a seamless experience for employees and customers.
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ABOUT TE CONNECTIVITY
TE Connectivity (NYSE: TEL) is a $12 billion global technology leader. Our commitment to innovation enables advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. TE’s unmatched breadth of connectivity and sensor solutions, proven in the harshest of environments, helps build a safer, greener, smarter and more connected world. With 75,000 people – including more than 7,000 engineers – working alongside customers in nearly 150 countries, we help ensure that EVERY CONNECTION COUNTS – www.te.com.
About JACQUET Technology Group AG
JAQUET Technology Group AG is a global engineering and manufacturing company, specialized in providing speed sensors and complete system solutions in demanding ambient conditions. Its main markets are automotive, power generation, railway, marine, mobile hydraulics and industrial machinery. JAQUET has its headquarters in Basel, Switzerland, with further offices in China (Taicang Speed & Spin Sensors) and the US (Jaquet North America). www.jaquet.com.
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