TE Connectivity

TE Connectivity
Public
Traded as NYSE: TEL[1]
S&P 500 Component
Industry Electronics
Founded 2007
Headquarters Schaffhausen, Switzerland (incorporation)[1]
Berwyn, Pennsylvania, United States (executive)
Key people

Tom Lynch, Chairman & CEO

Terrence Curtin, President
Products Electronics, Electronic Components, Networking
Revenue USD $11.89 billion (Fiscal 2015)[2]
USD $2.42 billion (Fiscal 2015) [3]
Number of employees
 72,000 (2016)[2]
Website te.com

TE Connectivity Ltd, formerly Tyco Electronics Ltd, designs and manufactures connectivity and sensor solutions for a variety of industries including automotive, industrial equipment, data communication systems, aerospace, defense, oil and gas, consumer electronics, energy and subsea communications. The company serves customers in more than 150 countries.

History

In 1941, Aircraft Marine Products was founded, then in 1956 the name was changed to AMP Incorporated when it incorporated.[4][5] In 1999, Tyco International acquired American electronics connector manufacturer AMP Incorporated.[6]

In July 2007, Tyco separated into three publicly independent companies, Covidien Ltd (formerly Tyco Healthcare), Tyco Electronics Ltd, and Tyco International Ltd (formerly Tyco Fire & Security and Tyco Engineered Products & Services (TFS/TEPS)).[7]

On March 10, 2011, Tyco Electronics Ltd changed its name to TE Connectivity, which the company said felt more relevant to its position as a connectivity and sensor component manufacturer.[8][9]

On August 28, 2015, TE Connectivity Ltd announced that it has completed the sale of its broadband-networks business to CommScope Holding Co. for about US$3 billion.[10]

Structure

As an independent company, TE Connectivity operates through three major segments:

Total: USD12 billion

In 2016, the company had 72,000 employees operating in almost 50 countries.[2]

Sales by region (as of 2015) were: Europe/Middle East/Africa (35%), Americas (30%), Asia—Pacific (35%).

See also

References

  1. 1 2 Peter Key (15 September 2011), "TE Connectivity cutting 660 jobs worldwide, six in Berwyn", Philadelphia Business Journal, American City Business Journals, archived from the original on 16 September 2011, retrieved 16 September 2011
  2. 1 2 3 "#498 TE Connectivity". Forbes. Retrieved September 24, 2016.
  3. ↑ "TE Connectivity 2015 Annual Report" (PDF).
  4. ↑ AMP Incorporated - History; Funding Universe.
  5. ↑ AMP Incorporated; Profile of the European Connector Industry; 6th Ed; 1995 ISBN 1-85617-254-6.
  6. ↑ "Tyco Completes Acquisition of AMP". New York Times. April 6, 1999. Retrieved October 12, 2016.
  7. ↑ Tyco History
  8. ↑ "Tyco Electronics Is Now TE Connectivity Ltd." (Press release). TE Connectivity. 10 March 2011. Retrieved 10 March 2011.
  9. ↑ Seth Jayson (26 February 2011), Does Tyco Electronics Miss the Grade?, The Motley Fool
  10. ↑ te.com

External links

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