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Date: 13-08-14

TE to acquire China's Xiamen Delixing/Sibas

TE Connectivity signed a definitive agreement to acquire the business of China based heavy duty connector maker Xiamen Delixing Electric Equipment Co., Ltd.

Delixing/Sibas supplies heavy duty connectors to machinery equipment, factory automation, power management and railway applications.

Delixing/Sibas's sales revenue in 2013 was $10 million and is based in Xiamen City in South Fujian, China.

TE has a good share of its revenue from China, in year 2013 TE sales revenue from China is $2.2 billion.

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