# TE Connectivity acquires smart grid company Kries

TE Connectivity acquired Kries, a German pioneer in smart grid systems, to strengthen its energy business unit's grid reliability solutions. The acquisition was announced on January 10, 2023.

- Type: Acquisition
- Announced: 2023-01-10
- Where: Ottobrunn, Germany, Germany
- Status: completed
- Products: smart grid systems, grid monitoring and automation systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [TE Connectivity](https://endata.com/companies/16155.md) (acquirer)
- [Kries](https://endata.com/companies/67783.md) (target)

## Sources

- [kries.com](https://www.kries.com/en/news/information/te-connectivity-acquires-smart-grid-company-kries), 2023-01-10: "Kries is an attractive addition to the TE portfolio because of its proven market reputation and innovative solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.