Group 1 - TE Connectivity plc has completed the acquisition of Richards Manufacturing Co, a leader in utility grid products in North America [1][2] - The acquisition positions TE Connectivity to take advantage of the ongoing grid replacement and upgrade cycle in the region, enhancing its service capabilities for utilities and energy customers globally [1] - The management team of Richards will continue to operate the acquired business, ensuring continuity during the integration process with TE Connectivity [2] Group 2 - TE Connectivity is recognized as a global industrial technology leader, focusing on creating a safer, sustainable, and connected future through its connectivity and sensor solutions [3] - The company employs over 85,000 individuals, including 9,000 engineers, and operates in approximately 130 countries, emphasizing the importance of connectivity in various sectors [3]

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Core Viewpoint - The merger of Telenor and Jotta's cloud storage businesses aims to create a robust Norwegian alternative to global technology providers, driven by growing consumer concerns over data security and privacy [1][10]. Company Overview - Telenor Software Lab has been offering cloud services for over a decade, while Jottacloud has established itself as a leading storage provider in Europe since its founding in 2008, achieving an average annual revenue growth of 16.7% over the past ten years [2]. - The new company will be a joint venture owned 50/50 by Hawk Infinity and Telenor Amp, enhancing both Jottacloud and Min Sky services [3]. Market Context - The cloud storage market is rapidly expanding due to increasing data needs and digitalization, with services becoming essential in everyday life [6]. - The merger is expected to serve over 2 million active customers and generate revenues of approximately NOK 200 million in 2025, with an enterprise value estimated at NOK 1.5 billion [5]. Strategic Advantages - The merger is anticipated to create synergies in secure data storage, artificial intelligence, and product development, enhancing the overall cloud storage experience for users [4]. - Jottacloud has been a pioneer in AI, being the first cloud storage provider to introduce AI-powered language-based search for photos, which will continue to be a focus for innovation [8]. Commitment to Security and Sustainability - Jottacloud prioritizes privacy, sustainability, and data security, with its server infrastructure based entirely in Norway and powered by 100% renewable energy [9]. - Following the merger, all data will be relocated to Jottacloud's Norwegian data centers, reinforcing its commitment to secure, locally stored data [10]. Regulatory Considerations - The merger is subject to approval by the Norwegian Competition Authority, with completion expected in Q2 2025 [11].

Group 1 - TE Connectivity plc declared a regular quarterly cash dividend of $0.71 per ordinary share, representing a 9% increase from the previous dividend of $0.65 [1] - The dividend is payable on June 10, 2025, to shareholders of record at the close of business on May 21, 2025 [1] - During the 2025 annual general meeting, shareholders voted in favor of all agenda items, including the reelection of all 12 members to the board of directors [2] Group 2 - TE Connectivity is a global industrial technology leader focused on creating a safer, sustainable, productive, and connected future [3] - The company offers a broad range of connectivity and sensor solutions that support various sectors, including transportation, energy networks, automated factories, data centers, and medical technology [3] - TE Connectivity employs over 85,000 individuals, including 9,000 engineers, and operates in approximately 130 countries [3]

List highlights organizations at the forefront of technology research and innovationGALWAY, Ireland, March 12, 2025 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has been named among the Clarivate Top 100 Global Innovators, an annual list of organizations that prioritize innovation as a business strategy. TE Connectivity is a Clarivate Top 100 Global Innovator 2025. Innovation is a core value at TE, which has been named a Top 100 Global Innovator 12 times since Clarivate cre ...

Core Insights - TE Connectivity has been recognized as one of the 2025 World's Most Ethical Companies by Ethisphere, marking its 11th consecutive year receiving this honor [2][3][4] - In 2025, a total of 136 organizations from 19 countries and 44 industries were included in the list, with TE being one of only four honorees in the electronics and components sector [2][4] Company Commitment - TE Connectivity emphasizes its commitment to innovative technology that fosters a safer, sustainable, and connected future while maintaining high ethical standards [3] - The company strengthened its anti-bribery and anti-corruption policies in 2024 and introduced a global strategy to promote ethical behavior, as evidenced by improved results in its fourth Ethics Attitude Survey [3] Recognition and Awards - In addition to the Ethisphere recognition, TE has been named to Fortune's World's Most Admired Companies list for the eighth consecutive year and has received various workplace recognitions [7] - The assessment for the World's Most Ethical Companies is based on Ethisphere's Ethics Quotient, which evaluates over 240 proof points related to ethics, compliance, governance, and social impact [5]

Industrial Technology Index shows most companies have begun adopting AI, but inadequate training is limiting widespread integration GALWAY, Ireland, March 5, 2025 /PRNewswire/ -- The 2025 Industrial Technology Index from TE Connectivity, a world leader in connectors and sensors, shows the integration of artificial intelligence at companies around the world is being hindered by a lack of comprehensive training programs, though optimism around the technology remains strong. The TE Connectivity Industrial ...

A month has gone by since the last earnings report for TE Connectivity (TEL) . Shares have lost about 0.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is TE Connectivity due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. TEL Q1 Earnings Surpass Estimates, Sales In ...

Core Viewpoint - TE Connectivity plc has entered into a definitive agreement to acquire Richards Manufacturing Co. for approximately $2.3 billion, aiming to enhance its position in the North American electrical utilities market and capitalize on growth trends in underground electrical networks [1][5][6] Company Overview - TE Connectivity is a global leader in connectors and sensors, focusing on creating a safer, sustainable, and connected future through its broad range of connectivity and sensor solutions [8][9] - Richards Manufacturing Co. is recognized as a best-in-class provider of utility grid products, specializing in underground distribution equipment and has experienced double-digit revenue growth in recent years [2][10] Strategic Rationale - The acquisition aligns with TE's strategy to invest in long-term growth trends, particularly in the energy sector, and aims to enhance grid reliability and support the increasing energy demand in North America [3][4] - TE Connectivity has been strategically investing in its Energy business to drive growth, focusing on utility-scale renewables and innovative products for the evolving energy grid [3][4] Financial Implications - The all-cash transaction is valued at approximately $2.3 billion and will be financed through cash and additional debt [5] - TE expects the acquisition to contribute annual sales of approximately $400 million with EBITDA margins in the mid-30 percent range, and anticipates a $0.10 accretion to its adjusted EPS in the first full year post-acquisition [6] Management and Integration - The management team of Richards Manufacturing will continue to lead the business after the acquisition, ensuring continuity and leveraging their expertise in the utilities market [2][4] - The transaction is subject to regulatory approvals and is expected to close in TE's fiscal third quarter, ending June 2025 [7]

Core Insights - Telenor Group reported solid results in Q4 2024, with stronger cash flow than previously indicated, and proposed a dividend of NOK 9.60 per share for 2024 [1][7] Financial Performance - Organic service revenues grew by 1.1% in Q4 2024, while organic EBITDA increased by 2.0%, with EBITDA before other items reaching NOK 8.5 billion [1] - Free cash flow before M&A for Q4 was NOK 3.1 billion, totaling NOK 11.4 billion for the entire year, exceeding the annual outlook [6] - Total free cash flow, including M&A income of NOK 1.9 billion, amounted to NOK 13.3 billion [6] Regional Performance - In the Nordics, Telenor achieved 2.3% organic growth in service revenues and 6.0% organic EBITDA growth due to efficiency initiatives [3] - Nordic service revenues grew by 4.6% for the full year, with total service revenues reaching NOK 44.7 billion [9] - Bangladesh faced slow economic recovery post-unrest, but Telenor's team demonstrated resilience [5] Strategic Direction - The company aims for a free cash flow of around NOK 13 billion for the current year, before M&A and potential items [7] - Telenor's strategy focuses on evolving as a customer-centric and technology-driven company while maintaining a strong dividend policy [8] Digital Crime Prevention - Telenor successfully prevented over 2.2 billion digital crime attempts against Norwegian customers throughout 2024 [10]