Molex / Smiths InterconnectMN-01061

Parties

Summary

Molex Electronic Technologies Holdings LLC, part of the Koch Group, acquired Smiths Interconnect Group Limited through a share sale. Both companies supply electronic components and connectivity solutions to sectors like automotive, medical, and aerospace. The ACCC has approved this acquisition.

Acquisition details

Molex Electronic Technologies Holdings LLC ( Molex ) proposes to acquire Smiths Interconnect Group Limited ( Smiths Interconnect ) from Smiths Group International Holdings Limited through a share sale agreement. Molex is part of the Molex group. The Molex group is a provider of electronic, electrical, and fibre optic connectivity solutions. It designs, manufactures, and markets a broad range of products used in various industries, including automotive, data communications, medical, industrial, and consumer electronics, including developing connectors, cables, cable assemblies, antennas, and sensors that enable data transmission and power delivery. The Molex group is a part of the Koch Group. The Koch Group is a multinational conglomerate based in the U.S. Its subsidiaries are involved in a variety of industries, in particular the manufacturing, refining, and distribution of petroleum, chemicals, energy, fibre, intermediates and polymers, minerals, fertiliser, pulp and paper, chemical technology equipment, cloud computing, interconnect products and electronic solutions, finance, raw materials trading, and investments. Smiths Interconnect researches, develops and produces electronic components, sub-systems, optical and radio frequency products for reliable, high-speed and secure data for customers in the aerospace and defence, medical and industrial sectors, as well as providing semiconductor testing capabilities. Molex and Smiths Interconnect overlap in Australia for the supply of connectors for all end use applications.