TE Connectivity to acquire Richards Manufacturing for about $2.3 billion

TE Connectivity

12/02/2025 11:52

Feb 12 (Reuters) - TE Connectivity  TEL.N  said on
Wednesday it would buy Richards Manufacturing Co from funds
managed by Oaktree Capital Management and members of the Bier
family for about $2.3 billion in cash, aiming to expand in the
energy market.

 (Reporting by Abhinav Parmar in Bengaluru; Editing by Savio
D'Souza)
 ((Abhinav.Parmar@thomsonreuters.com;))