# 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.

- Type: Acquisition
- Announced: 2023-03-20
- Where: Germany, Hungary, China, Japan, Germany
- Value: $48.0M
- Status: announced
- Products: automotive antennas, tuners, in-vehicle information communication products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TE Connectivity](https://endata.com/companies/16155.md) (partner)
- [Universal Scientific Industrial](https://endata.com/companies/29847.md) (acquirer)
- [TE Connectivity Holding International](https://endata.com/companies/69190.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-usi-to-buy-te-connectivity-automotive-electronics-assets), 2023-03-20: "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."

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