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TE Connectivity has entered into a definitive agreement to acquire Richards Manufacturing Co., a provider of utility grid products, from funds managed by Oaktree Capital Management and the Bier family. The acquisition strengthens TE's position in serving electrical utilities in North America.
“The acquisition of Richards Manufacturing aligns with our strategy and positions us to further capitalize on an accelerating grid replacement and upgrade cycle in North America.”te.com
Summarized from public sources; check the original articles before acting on it.