Britain's Smiths Group to sell interconnect unit to Molex in $1.75 billion deal
Core Viewpoint - Smiths Group's interconnect unit is being acquired by U.S.-based Molex Electronic for a valuation of £1.3 billion [1] Group 1: Acquisition Details - The acquisition involves Smiths Group's interconnect unit, which is a significant part of its business operations [1] - The deal is valued at £1.3 billion, indicating a strong market interest in the interconnect technology sector [1] Group 2: Market Implications - This acquisition reflects ongoing consolidation trends within the electronic equipment manufacturing industry, highlighting the strategic importance of interconnect solutions [1] - The transaction may enhance Molex Electronic's capabilities and market position in the interconnect segment [1]