TE Connectivity

TE Connectivity Completes the Acquisition of the Business of China Xiamen Delixing/Sibas

-- Expands Range of Connectivity Solutions for Harsh Environments --

SCHAFFHAUSEN, Switzerland - December 1, 2014 - TE Connectivity Ltd. (TE) (NYSE: TEL), a world leader in connectivity, today announced the completion of the previously announced acquisition of the business of Xiamen Electric Equipment Co., Ltd. ("Delixing") and Xiamen SIBAS Connectors Co., Ltd. ("Sibas").

Delixing/Sibas is a privately owned manufacturer of heavy duty connectors used in machinery equipment, factory automation, power management and railway applications. Delixing/Sibas, which generated revenues in 2013 of $10 million, was established in 1998 and is located in Xiamen City in South Fujian, China. Their heavy duty connectors expand TE’s range of solutions for harsh environment applications.

For reporting purposes, the business will be included as part of TE’s Industrial Solutions segment.

TE Connectivity and the TE Connectivity (logo) are trademarks of the TE Connectivity Ltd. family of companies.

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TE Connectivity
Pfnorstrasse 1
64293 Darmstadt
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+49 6154 607 1740

www.te.com


Notes for editors


FORWARD-LOOKING STATEMENTS

This release contains certain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, business, economic, competitive and regulatory risks, such as conditions affecting demand for products, particularly in the automotive industry and the telecommunications networks and consumer devices industries; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in TE Connectivity Ltd.'s Annual Report on Form 10-K for the fiscal year ended Sept. 27, 2013 as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

About TE Connectivity

TE Connectivity (NYSE: TEL) is a $14 billion global technology leader. Our connectivity and sensor solutions are essential in today’s increasingly connected world. We collaborate with engineers to transform their concepts into creations – redefining what’s possible using intelligent, efficient and high-performing TE products and solutions proven in harsh environments. Our 80,000 people, including 7,500 design engineers, partner with customers in over 150 countries across a wide range of industries. We believe EVERY CONNECTION COUNTS – www.TE.com.

Editorial enquiries

Venishree Mayer
TE Connectivity

+49 6151 60 71740

venishree.mayer@​te.com

Nancy van Heesewijk
EMG

nvanheesewijk@​emg-marcom.com

 

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