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Business/Financial

TE Connectivity Completes Acquisition Of SEACON Group

By Cal Biesecker

Wednesday, July 2nd, 2014

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TE Connectivity Completes Acquisition Of SEACON Group

SEACON provides submarine cable system to ROV/AUV industries. Photo: SEACON

TE Connectivity Ltd. [TEL] on Wednesday said it has completed its $490 million acquisition of undersea technology company the SEACON Group, expanding its capabilities for solutions in harsh environments and bolstering its position in the oil and gas industry. TE in April announced its agreement to acquire SEACON, which serves the military marine and subsea sectors for remotely operated vehicles, autonomous underwater vehicles, oil and gas, environmental and oceanographic applications. “The addition of the SEACON Group combines their fiber optic…

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