A new acquisition will allow electronic component provider Molex to expand solutions in the global medical electronics, industrial, telecom and aerospace industries.
The company announced the acquisition of German manufacturer of mixed-layout connectors and cable assemblies FCT Electronics Group.
"FCT Electronics Group is a great fit for Molex because it builds on our ability to provide customized connector and cable assembly solutions to a broader range of customers," said Tim Ruff, senior vice president of business development and corporate strategy for Molex. "FCT is well known for its technology and service as well as the depth and breadth of its product offerings. Their excellent team of talented, experienced professionals has a long history of success, with deep customer relationships across diverse markets."
Dan Schreck, president of the U.S. sector for FCT, anticipates Molex's global sales and distribution network to grow both companies at faster rates. "Molex has a reputation in our industry as a preeminent, blue chip manufacturer of the highest quality interconnect products," said Schreck. "Combining Molex resources and FCT's unique position in several exciting, emerging markets will benefit our customers and our employees."