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Molex Acquires Zhenjiang Tean Telecom & Appliance

Posted on: Sat, 21 Nov 2009 22:32:00 EST

Symbols: MOLX

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Nov 20, 2009 (Close-Up Media via COMTEX) --
MOLX | Quote | Chart | News | PowerRating -- Molex Inc., a global electronic components company, said that it has completed the acquisition of China-based Zhenjiang Tean Telecom & Appliance (Tean), located in Jiangsu Province.

Tean designs and manufactures a variety of radio frequency (RF) and microwave products for the telecom and base station/wireless markets globally.

According to Mike Dunne, General Manager, RF Products unit of Molex Inc.'s Global Integrated Products Division, this is a strategic acquisition that will help Molex boost its share of the growing global market for RF and microwave interconnection systems.

"Tean is an excellent fit for Molex because it expands our RF and microwave product capabilities and gives us a strong presence in the rapidly growing market in China," said Dunne. "Tean is a strong competitor because of its innovative designs and quality manufacturing processes. They are a great fit with our existing RF business in Taiwan and the U.S., giving us the opportunity to expand both our product offerings and geographic reach. Tean has technical expertise, a strong customer base, and an excellent group of talented and experienced people."

Xiaoting Zhang, Chairman of Tean, said Molex's global resources and presence in the RF and microwave market will help both companies grow.

"Molex's global reach will help us grow our business more quickly," Zhang said. "Our capabilities complement each other and together we are confident we can become a major force in the rapidly expanding global market for RF and microwave products."

More Information:

www.molex.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))

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