Source: STREETINSIDER

AdvancedCath: Notable Mergers and Acquisitions 2/18: (TEL) (SBY) (ENLK)/(ENLC)

* TE Connectivity Ltd. (NYSE: TEL), a world leader in connectivity, announced today that it has entered into a definitive agreement to acquire AdvancedCath for $190 million USD in cash.AdvancedCath is a leading source of advanced catheter systems, with estimated 2015 revenues of $60 million. The company combines best-in-class technologies with industry-leading expertise in lifesaving therapy areas.The acquisition complements and significantly expands TE's connectivity and sensor position in the attractive, high-growth interventional space of the medical market. Further, it will allow TE to provide more complete integrated solutions to customers.TE's Medical business designs and manufactures connectors, sensors and

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Est. Annual Revenue
$5.0-25M
Est. Employees
100-250
Randall Sword's photo - President & CEO of AdvancedCath

President & CEO

Randall Sword

CEO Approval Rating

69/100

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