According to recent reports, TE has entered into an exclusive negotiation agreement with ABB to acquire its Entrelec terminal business. While the financial details of the deal remain undisclosed at this time, the move signals a strategic shift for TE in expanding its product portfolio and market reach.
Founded in 1920, Entrelec has served customers across more than 70 countries. ABB acquired the company in 2001 for 310 million euros, and since then, it has become a key player in the global terminal market. As one of the world's largest connector manufacturers, TE is known for its innovation and reliability, but the acquisition of Entrelec could further strengthen its position in industrial connectivity solutions.
If the deal goes through, TE will gain access to a broader range of terminal blocks, enhancing its ability to offer comprehensive power, signal, and data connectivity solutions. This expansion is expected to provide customers with a more integrated and robust platform, supporting various industrial applications.
Lars Brickenkamp, Senior Vice President and General Manager of the TE Industry Department, emphasized that the acquisition aligns with TE’s long-term strategy. “Combining the strengths of both brands will enable us to deliver even greater value to our customers,†he said. “The integration of TE’s industrial team with ABB’s expertise will also boost collaboration in automation, helping us better serve our clients.â€
Financially, TE has shown consistent growth. In 2017, the company reported net sales of $13.1 billion, up 9% from the previous year. The strong fourth-quarter performance was a key driver, with adjusted earnings per share rising by 22%. Looking ahead, TE expects first-quarter 2018 sales to range between $3.35 billion and $3.45 billion, with full-year revenue projected to reach $14.1 billion.
Beyond financials, TE has also made significant technological advancements. Its latest offering, the Intercontec connector, combines power, signal, and data in a single, modular design. The plug-and-play system simplifies installation, making it accessible even for non-professionals.
ABB’s Entrelec terminals are renowned for their durability and reliability, thanks to ADO insulation displacement technology. This method eliminates the need for manual connections, reducing errors and ensuring consistent performance in harsh environments. It is widely used in sectors such as energy, rail, automotive, and petrochemicals.
Since its founding over a century ago, Entrelec has maintained a strong reputation, particularly in France, where it was originally based. With ABB’s support, the brand has expanded globally, and now, under TE’s ownership, it may see even greater success in China, a market where ABB already holds a solid presence.
Some notable projects using ABB terminal blocks include the French Renault Automotive Production Line, Paris Metro, Shenzhen Metro, Shanghai Metro Pearl Line, and numerous industrial and infrastructure projects across China and beyond.
While the acquisition is still pending regulatory approval and employee negotiations, the deal is seen as a major step forward for TE. Whether ABB will fully embrace the partnership remains to be seen, but the potential for growth and innovation is clear.
As the process unfolds, there may be more surprises ahead. For now, all eyes are on the next chapter of this exciting development.
Mccb Breaker,Mccb Circuit Breaker,Overload Protection Mccb,Moulded Case Circuit Breaker
ZHEJIANG QIANNA ELECTRIC CO.,LTD , https://www.traner-elec.com