Koch Industries acquires Molex for USD7.2 billion

Koch Industries acquires Molex for USD7.2 billion

Business news |
Global electronic components company Molex Incorporated has been acquired by Koch Industries, Inc. for $7.2 billion.
By eeNews Europe

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Molex Incorporated is a 75-year old global manufacturer of electronic, electrical and fiber optic interconnection systems including LED lighting solutions.

The acquisition was finalized through the merger of Koch Industries’ wholly owned subsidiary, Koch Connectors, Inc., with and into Molex. As a result of the merger, Molex is now an indirect wholly-owned subsidiary of Koch Industries, Inc., retaining its name and headquarters in Lisle, Illinois. The company will continue to be operated by its current management team.

Dave Robertson, president and COO of Koch Industries said: “This acquisition represents a new platform for growth and innovation for us. We’re looking forward to applying our Market-Based Management philosophy at Molex to help identify and
capture additional opportunities.”

“Now that the transaction has closed, we are eager to move forward with our new owners,” said Martin Slark, chief executive officer of Molex. “We believe that combining the global strengths of Molex and Koch will create an exciting future for all our stakeholders.”

Visit Koch Industries at www.kochind.com

Visit Molex at www.molex.com

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