TEL · 10-K · 2026A · Full report

Acquisition / Partnership / Divestiture

TE Connectivity plc · 2026-11-09 · Importance 65 · Surprise 60 · In source text

In the fourth quarter of fiscal 2026, TE Connectivity agreed to acquire Astrodyne for approximately $1.4 billion in cash. The transaction was expected to close by the end of calendar year 2026, subject to customary regulatory approvals and other closing conditions. Astrodyne manufactures power and filter solutions, and its business is expected to be reported within the automation and connected living business of Industrial Solutions. TE Connectivity stated that it intended to fund the acquisition with available cash and commercial paper, with its existing credit facility or new debt financing available if needed.

Key facts

• In fiscal 2026’s fourth quarter, TE Connectivity plc entered a definitive agreement to acquire Astrodyne for approximately $1.4 billion in cash. source
• TE Connectivity plc acquired 100% of Richards Manufacturing Co. in fiscal 2025 for approximately $2.3 billion in cash, net of cash acquired. source
• TE Connectivity plc’s Astrodyne acquisition is expected to close by the end of calendar year 2026 and is subject to customary regulatory approvals and other closing conditions. source
• TE Connectivity plc acquired two businesses during fiscal 2026 for a combined cash purchase price of $212 million, net of cash acquired. source
• TE Connectivity plc acquired two additional businesses during fiscal 2025 for a combined cash purchase price of $321 million, net of cash acquired. source
• One of TE Connectivity plc’s fiscal 2026 acquisitions has earn-out provisions based on business performance with an estimated acquisition-date fair value of approximately $150 million. source
• Astrodyne will be reported within TE Connectivity plc’s automation and connected living business in the Industrial Solutions segment. source

Impact estimates