TE Connectivity announces $1.4B deal for Astrodyne

Seeking Alpha ·

In conjunction with its fiscal third-quarter earnings report, TE Connectivity ( TEL ) announced on Wednesday it was acquiring privately held Astrodyne TDI in a $1.4B deal. Astrodyne TDI makes advanced power management and filtering solutions, and the deal is expected to add

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TE Connectivity (TEL) announced its Q3 earnings along with a massive $1.4 billion acquisition of Astrodyne TDI. Astrodyne TDI specializes in power management and filtering solutions, and this acquisition will significantly strengthen the company's business portfolio. Investors are watching closely to see if this acquisition will serve as a future growth driver.

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