SMT, PCB Electronics Industry News

SMT, PCB Electronics Industry News

News from TE Connectivity


Tyco Electronics Completes The Sale Of Its Wireless Systems Business

Jun 02, 2009

PEMBROKE, Bermuda, June 1 /PRNewswire-FirstCall/ Tyco Electronics Ltd. (NYSE: TEL) has completed the previously announced sale of its Wireless Systems business to Harris Corporation. Wireless Systems is a leader in the development of large-scale critical communications systems based on Internet Protocol (IP) technology for customers in the public safety, utility, transit and public service industries.

Tyco Electronics received cash proceeds of approximately $675 million from the sale, subject to final working capital adjustments.

The sale of the Wireless Systems business will increase Tyco Electronics' focus on its core connectivity business and substantially completes the streamlining of its portfolio that was begun two years ago.

ABOUT TYCO ELECTRONICS

Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and specialty products, with fiscal 2008 sales of US$14.8* billion to customers in more than 150 countries. We design, manufacture and market products for customers in a broad array of industries including automotive; data communication systems and consumer electronics; telecommunications; aerospace, defense and marine; medical; and alternative energy and lighting. With approximately 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/. (* Includes revenue from the company's former Wireless Systems segment, which will be reported as a discontinued operation beginning in the fiscal third quarter of 2009.)

You must be a registered user to talk back to us.

More News from TE Connectivity

Jan 18, 2011 -

Tyco Electronics (TE) Launches New Corporate Responsibility Program and Report

Dec 09, 2010 -

Tyco Electronics Completes Acquisition of ADC

Dec 03, 2010 -

Tyco Electronics Plans Name Change to TE Connectivity Ltd.

Oct 30, 2010 -

Tyco Electronics Reports Strong Fiscal Fourth Quarter and Full Year 2010 Results

Sep 02, 2010 -

Tyco Electronics to Present at the Citi Global Technology Conference

Aug 28, 2010 -

Tyco Electronics Announces Record and Payment Dates for Fiscal 2010 Fourth Quarter Dividend of $0.16

Aug 24, 2010 -

Tyco Electronics Extends Tender Offer for ADC

Jul 16, 2010 -

Tyco Electronics to Acquire ADC, Creating a World Leader in Broadband Connectivity

Jun 30, 2010 -

Tyco Electronics to Report Fiscal Third Quarter Results on July 22, 2010

May 11, 2010 -

Tyco Electronics Announces Record and Payment Dates for Fiscal 2010 Third Quarter Dividend of $0.16

(57) more news from TE Connectivity

Tyco Electronics Completes The Sale Of Its Wireless Systems Business news release has been viewed 622 times

Heller Industries Mark 5获得了 2015年中国SMT远见奖 - 回焊炉领域

Reflow Ovens thermal process improvement