M&A
confidence high
sentiment positive
materiality 0.85
Amphenol acquires Carlisle Interconnect Technologies for $2.025B cash
AMPHENOL CORP /DE/
- Deal value $2.025B in cash; expected to close by end of Q2 2024 subject to regulatory approvals.
- CIT expected to generate ~$900M sales in 2024 with ~20% adjusted EBITDA margin.
- Acquisition financed via cash on hand and existing credit/commercial paper facilities.
- Expected to be accretive to Amphenol's EPS in first full year post close, excluding acquisition costs.
- CIT adds harsh environment interconnect solutions for commercial air, defense, and industrial markets.