TE Connectivity closes acquisition of Richards Manufacturing, utility grid products leader

TE Connectivity plc

TE Connectivity (NYSE: TEL) completed the acquisition of Richards Manufacturing Co. on April 1, 2025.
Richards is a North American leader in underground distribution equipment for utility grids.
Acquisition positions TE to capitalize on U.S. grid replacement and upgrade cycle globally.
Richards management team will remain to ensure continuity; integration underway.
Terms of the transaction were not disclosed in the filing.

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