Acquisition of American Sensor Technologies by TE Connectivity
Seller: American Sensor Technologies
American Sensor Technologies (“AST”), based in Mt. Olive NJ specializes in manufacturing products incorporating their proprietary technologies for use in high performance, harsh, and extreme environments, such as high corrosion, high and low temperatures, and toxic and hazardous materials settings. AST’s products serve several industries, including marine and offshore oil and gas; energy and power generation; industrial controls; aerospace and defense; and industrial and commercial transportation.
Buyer: TE Connectivity
TE Connectivity (FKA: Tyco Electronics) is an American Swiss-domiciled technology company that designs and manufactures connectivity and sensor products for harsh environments in a variety of industries, such as automotive, industrial equipment, data communication systems, aerospace, defense, medical, oil and gas, consumer electronics and energy.
The acquisition of AST further expands TE’s growing portfolio of sensors and sensor systems.
Broker/Dealer: NA, strategic advisory services only
Completion: September 2014