TE Connectivity

TE Connectivity
Public
Traded as NYSE: TEL[1]
S&P 500 Component
Industry Electronics
Founded 2007
Headquarters Schaffhausen, Switzerland (incorporation)[1]
Berwyn, Pennsylvania, United States (executive)
Key people
 Terrence Curtin, CEO
Products Electronics, Electronic components, Networking, Connector systems, Sensors, Subsea fiber optic communication systems
Revenue USD $12.2 billion (Fiscal 2016)[2]
Number of employees
 75,000 (2017)
Website te.com

TE Connectivity is a 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, energy and subsea communications.

TE Connectivity has a global workforce of approximately 75,000, including approximately 7,000 engineers. The company serves customers in approximately 150 countries.

History

In 1941, Aircraft Marine Products (AMP) was founded with solderless electrical connections for quick and removable wire connection used for aircraft and ships. After the war time boom the company had to adapt to post war economy and in 1956 the name was changed to AMP Incorporated when it incorporated.[3][4] In 1999, Tyco International acquired American electronics connector manufacturer AMP Incorporated.[5]

In July 2007, Tyco separated into three publicly independent companies, Covidien Ltd (formerly Tyco Healthcare), Tyco Electronics Ltd, and Tyco International Ltd (formerly Tyco Fire & Security and Tyco Engineered Products & Services (TFS/TEPS)).[6]

On March 10, 2011, Tyco Electronics Ltd changed its name to TE Connectivity Corporation, which the company said felt more relevant to its position as a connectivity and sensor component manufacturer.[7][8]

On August 28, 2015, TE Connectivity announced that it has completed the sale of its broadband-networks business to CommScope Holding Co. for about US$3 billion.[9]

See also

References

  1. 1 2 Peter Key (15 September 2011), "TE Connectivity cutting 660 jobs worldwide, six in Berwyn", Philadelphia Business Journal, American City Business Journals, archived from the original on 16 September 2011, retrieved 16 September 2011
  2. ↑ "#498 TE Connectivity". Forbes. Retrieved September 24, 2016.
  3. ↑ AMP Incorporated – History; Funding Universe.
  4. ↑ AMP Incorporated; Profile of the European Connector Industry; 6th Ed; 1995 ISBN 1-85617-254-6.
  5. ↑ "Tyco Completes Acquisition of AMP". New York Times. April 6, 1999. Retrieved October 12, 2016.
  6. ↑ Tyco History
  7. ↑ "Tyco Electronics Is Now TE Connectivity Ltd." (Press release). TE Connectivity. 10 March 2011. Retrieved 10 March 2011.
  8. ↑ Seth Jayson (26 February 2011), Does Tyco Electronics Miss the Grade?, The Motley Fool
  9. ↑ te.com
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