TE Connectivity (NYSE:TEL) posted second-quarter results today that beat the consensus forecast on Wall Street. The Schaffhausen, Switzerland–based company provides connectivity and sensor solutions for a broad range of industries, including medtech. TE Connectivity reported profits of $560 million, or $1.71 per diluted share, on sales of $4.0 billion for the three months ended March […]
The future of medtech is the focus of TE Connectivity’s Advanced Technology Group, a team of experienced engineers tasked with identifying trends and developing new technology for devices and challenges that might not yet even exist. Marie Ottum, principal R&D engineer in TE Connectivity’s Advanced Technology Group and global leader of the TE women’s networking […]
Medical Design & Outsourcing recently rated the world’s largest medical device companies — the Big 100 — for their sales numbers and R&D spend. Now we can share how some of them scored on an environmental nonprofit’s annual list of companies ranked for their actions on climate change. Not-for-profit organization CDP (Stockholm, Sweden) runs a global disclosure system for […]
Shares of TE Connectivity (NYSE:TEL) were up 5.91% late-morning today, a day after the company reported its healthcare sales were up 5.7% to $10 million for the second quarter of its 2020 fiscal year. Schaffhausen, Switzerland-based TE Connectivity reported a net loss of -$456 million on net sales of $3.195 billion for the quarter ended March 27, […]
TE Connectivity (NYSE:TEL) today reported its healthcare sales were up 7% to $179 million for the first quarter of its 2020 fiscal year. Schaffhausen, Switzerland-based TE Connectivity reported overall sales of $3.2 billion for the quarter ended Dec. 27, 2019, down -5% from the same quarter one year ago. Earnings per share of $1.21 exceeded Wall […]
TE Connectivity is looking to lay off 86 employees from its Worcester, Mass.-based facilities, according to a Massachusetts Worker Adjustment and Retraining Act report. The layoffs come as the company looks to close down a cable-manufacturing facility in the city, and will proceed through to March of next year, according to a Boston Business Journal […]
Consolidation is increasingly shaping the medical device industry, but what about players on the other side of the fence? Medtech contract manufacturing partners to OEMs are seeing their own abundance of M&A as larger players look to expand their influence and keep up with increasing demand. Over the past four years, the medical device industry […]
TE Connectivity has acquired MicroGroup, a Medway, Mass.–based provider of precision metal shafts for medical devices. The deal, which TE Medical SVP and general manager Paraic Curtis announced in a message to customers on May 1, is but the latest in a number of acquisitions TE has made in recent years to strengthen its medical device […]
TE Connectivity (NYSE:TEL) said today that it agreed to pick up Irish medical device maker Creganna Medical for $895 million in cash. Cregganna, which is owned by private equity shop Permira Funds, posted sales of $250 million last year, Schaffhausen, Switzerland-based TE Connectivity said. “We expect our interventional sales post Creganna will increase to well […]
SCHAFFHAUSEN, Switzerland – February 18, 2015 – TE Connectivity Ltd. (NYSE: TEL), a world leader in connectivity, announced today that it has entered into a definitive agreement to acquire AdvancedCath for $190 million USD in cash.
AdvancedCath is a leading source of advanced catheter systems, with estimated 2015 revenues of $60 million. The company combines best-in-class technologies with industry-leading expertise in lifesaving therapy areas.
The acquisition complements and significantly expands TE’s connectivity and sensor position in the attractive, high-growth interventional space of the medical market. Further, it will allow TE to provide more complete integrated solutions to customers.