[November 23, 2009] Molex acquires Zhenjiang Tean Telecom & Appliance Tweet Nov 23, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Molex Incorporated, a US-based manufacturer of electronic, electrical and fiber optic interconnection systems, has acquired Zhenjiang Tean Telecom & Appliance Co., Ltd. (Tean), a China-based a designer and manufacturer of a range of radio frequency (RF) and microwave products for the telecom and base station/wireless markets. With this acquisition, Zhenjiang Tean Telecom will operate as a subsidiary of Molex and will be part of its Global Integrated Products Division. Business Development Asia LLC served as financial advisor to Molex. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2009-11-18 Deal Participants Target (Company) Zhenjiang Tean Telecom & Appliance Co., Ltd. Acquirer (Company) Molex Incorporated Deal Rationale The acquisition will help Molex to boost its share of the growing global market for RF and microwave interconnection systems. Zhenjiang Tean Telecom is a good fit for Molex because it expands Molex' RF and microwave product capabilities and gives them a strong presence in the growing market in China. The transaction will provide an opportunity to expand both Molex's product offerings and geographic reach as Zhenjiang Tean Telecom is great fit with Molex existing RF business in Taiwan and the US. [ Back To TMCnet.com's Homepage ]