TE Connectivity To Acquire Kissling Group
By Mike Osenga06 May 2019
In a deal the company said further expands its portfolio for hybrid electric commercial vehicle solutions. TE Connectivity, Schaffhausen, Switzerland, a provider of connectivity and sensors, has signed a definitive agreement to acquire the Kissling group of companies, Wildberg, Germany, a provider of high- power relays and ruggedized switches used in the commercial vehicle, transportation, industrial, military and aviation industries as well as other applications. The transaction is expected to close May 30, 2019, following the completion of customary regulatory approvals.
With this acquisition, TE said it further expands its portfolio of specialty relays and switches to support the needs of industrial and commercial transportation customers – truck, bus, construction and other specialized vehicle manufacturers, facing evolving high voltage and power management requirements as they design next-generation vehicles. Integrating Kissling’s range of products into TE’s existing hybrid and electric mobility solutions (HEMS) portfolio further strengthen’s TE ability to develop and provide integrated, highly engineered solutions for customers worldwide, the company said..
Kissling is a privately owned company that has about 450 employees at sites in Germany, Switzerland, Slovakia, Spain and the U.S. TE and Kissling will continue to operate as independent companies until the acquisition closes, after which Kissling and the Kissling brand will become part of TE’s Industrial & Commercial Transportation business.