TE Connectivity acquires DRI Relays in power-segment move
NewsNovember 02, 2020
HARRISBURG, Pa. TE Connectivity -- a $13 billion maker of sensors and connectors used in defense, data communications, medical, and other applications -- has acquired DRI Relays, which has operations in the U.S. and India.
According to a statement from TE, DRI is a leading company in the design and manufacture of electromechanically hermetically sealed relays, time-delay devices, and sockets for applications that require high reliability and long life in harsh environments.
Peter Lieffrig, vice president and general manager of TE Connectivity's Aerospace, Defense, and Marine (AD&M) business, said of the deal: "DRI will offer a strong strategic and complementary fit with TE's Aerospace, Defense, and Marine business. This acquisition demonstrates our continued commitment to providing innovative solutions for customers -- a common purpose shared by both companies. With this deal, TE strengthens our presence in the midrange power segment with an expanded product offering that will further enhance our ability to provide industry-leading engineering and product solutions to address the needs of our customers. We are excited to welcome the DRI team to the TE family."
The terms of the acquisition were not made public.
