Molex Announces Agreement to Acquire AirBorn, Expanding its Position in the Aerospace and Defense Market

LISLE, Ill., Nov. 14, 2024 — (PRNewswire) — Molex, a leading global connectivity and electronics solutions provider, today announced the signing of an agreement to purchase AirBorn, Inc., an employee-owned company headquartered in Georgetown, TX, specializing in the design and manufacturing of rugged connectors and electronic components for global Original Equipment Manufacturers (OEMs) serving the aerospace and defense, commercial air, space exploration, medical and industrial markets.

"The acquisition of AirBorn brings strong capabilities to Molex in the aerospace and defense market," said Joe Nelligan, CEO, Molex. "Combining Molex's engineering breadth and manufacturing scale with AirBorn's expertise in ruggedized, mission-critical products will enable us to better serve the evolving needs of our customers in this fast-growing global market."

For more than 60 years, AirBorn products have been trusted to perform in extreme conditions where mission-critical reliability is vital to success. "AirBorn will serve as the platform for Molex's aerospace and defense business, which is a powerful opportunity for our highly specialized team," said Michael Cole, President and CEO, AirBorn. "By uniting AirBorn's unique expertise in the aerospace and defense market with Molex's global scale, capabilities and financial stability, we will ensure long-term success in a rapidly expanding category." 

The acquisition is expected to close by early December 2024, subject to regulatory approvals and other customary closing conditions. More information will be shared at that time. The details of the purchase price will not be disclosed.

Jones Day is acting as Molex's legal advisor and Evercore is serving as Molex's exclusive financial advisor.

About Molex
Molex is a global electronics leader committed to making our world a better, more-connected placeWith presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information visit  www.molex.com.

Koch, Inc.
Based in Wichita, Kansas, Koch, Inc. is one of the largest private companies in America, with annual revenues that have exceeded $125 billion. It owns a diverse group of companies involved in manufacturing, agriculture, pulp and paper, packaging, consumer products, building materials, glass, automotive components, refining, renewable energy, chemicals and polymers, electronics, software, network solutions, health care technology, engineered technology, project services, recycling, supply chain and logistics, commodities trading, real estate, and investments. Since 2003, Koch companies have invested more than $168 billion in growth and improvements. With a presence in more than 50 countries, Koch companies employ about 120,000 people worldwide, with nearly half of those in the United States. For more news and information, visit www.kochinc.com.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/molex-announces-agreement-to-acquire-airborn-expanding-its-position-in-the-aerospace-and-defense-market-302305162.html

SOURCE Molex Incorporated

Contact:
Company Name: Molex Incorporated
CONTACTS: Molex: Lisa Grau
Email Contact +1 760.207.9090; Elixir: Patrick Tolbert
Email Contact 512-910-5926

Featured Video
Jobs
Design Verification Engineer for Blockwork IT at Milpitas, California
GPU Design Verification Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise