TE Connectivity completes acquisition of Richards Manufacturing

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]