USI to acquire TE Connectivity's automotive electronics assets

Universal Scientific Industrial (USI) is acquiring certain assets of TE Connectivity Holding International, including production plants in Germany, Hungary, China, and related businesses in Japan, for a benchmark valuation of around USD 48 million.

“The acquisition will help USI improve its product mix and client structure, diversify product categories, boost the number of clients, further its investment in the field of internet of vehicles, and hike its influence in Europe and North America as well as globally.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s USI to Buy TE Connectivity’s Automotive Electronics AssetsTang ShihuaMar 20, 2023

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