Molex to buy US/UK aerospace connector maker
Molex is to acquire AirBorn in Texas for its rugged aerospace connector technology and skills and UK manufacturing. The details of the deal were not disclosed.
AirBorn specialises in the design and manufacturing of rugged connectors and electronic components such as VPX power systems for global Original Equipment Manufacturers (OEMs) serving the aerospace and defense, commercial air, space exploration, medical and industrial markets.
The company has nine global manufacturing facilities including one in the UK at Edenbridge, Kent, as well as seven in the US and one in Canada.
“The acquisition of AirBorn brings strong capabilities to Molex in the aerospace and defense market,” said Joe Nelligan, CEO, Molex. “Combining Molex’s engineering breadth and manufacturing scale with AirBorn’s expertise in ruggedized, mission-critical products will enable us to better serve the evolving needs of our customers in this fast-growing global market.”
“AirBorn will serve as the platform for Molex’s aerospace and defense business, which is a powerful opportunity for our highly specialized team,” said Michael Cole, President and CEO, AirBorn based in Georgetown, Texas. “By uniting AirBorn’s unique expertise in the aerospace and defense market with Molex’s global scale, capabilities and financial stability, we will ensure long-term success in a rapidly expanding category.”
The acquisition is expected to close by early December 2024, subject to regulatory approvals.
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