TE Connectivity negotiating to acquire ABB’s entrelec terminal block business

Ellen Cools
January 12, 2018
January 12, 2018 — TE Connectivity (TE) has entered into exclusive negotiations with ABB to acquire ABB’s entrelec terminal block business.

The transaction is subject to the satisfaction of certain conditions including receipt of customary regulatory approvals and prior consultation with employee representative bodies, says TE.

By adding the ABB’s entrelec terminal block offering, under the product brand entrelec, TE says it would be able to offer a complete system for power, signal and data connectivity with a special focus on harsh environments. This system would be a crucial part of TE’s future product portfolio, the company adds.

“The combination of the two portfolios will be more competitive on a larger scale under TE’s owernship, providing greater opportunities for customers and employees,” said Tarak Mehta, president, Abb’s Electrification Products Division. “TE will be a good owner of this business. Combining our terminal block business with the strength of TE demonstrates ABB’s commitment to active portfolio management, a key element of our Next Level strategy.”

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

Latest Events

InfraCanada 2018
October 24, 2018
InfraCanada 2018
October 26, 2018

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.