TE Connectivity to acquire Richards Manufacturing to expand position in fast-growing energy market
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TE Connectivity (NYSE: TEL) has announced a definitive agreement to acquire Richards Manufacturing Co. This acquisition aims to strengthen TE Connectivity's position in the fast-growing energy market.
February 12, 2025 | 12:00 pm
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TE Connectivity is acquiring Richards Manufacturing to bolster its presence in the energy sector, indicating a strategic expansion in a fast-growing market.
The acquisition of Richards Manufacturing by TE Connectivity is a strategic move to enhance its market position in the energy sector. This is likely to be viewed positively by investors as it suggests growth potential and market expansion.
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