Reported 1 day ago
Amphenol Corporation announced its acquisition of cable assembly firm Trexon for $1 billion, aiming to enhance its presence in the defense market amid increasing military spending. This strategic move also aligns with the growing demand for AI-driven applications. The company's CEO emphasized that Trexon's high-reliability products will complement Amphenol's defense offerings. The acquisition is expected to positively impact Amphenol's earnings per share in the coming year.
Source: YAHOO