Every Connection Counts
|Traded as||NYSE: TEL
S&P 500 Component
|Headquarters||Schaffhausen, Switzerland (incorporation)
Berwyn, Pennsylvania (executive)
|Key people||Tom Lynch, CEO|
|Products||Electronics, Electronic Components, Networking|
|Revenue||ca. USD 14.3 billion (Fiscal 2011)|
TE Connectivity, Ltd. designs and manufactures components and products for a variety of industries including automotive, data communication systems, consumer electronics, telecommunications, aerospace, defense and marine, medical, energy and lighting. The company serves customers in more than 150 countries.
On June 29, 2007, Tyco International was split and Tyco Electronics Ltd., along with Covidien, became separate, independently-traded public companies. On March 10, 2011, Tyco Electronics Ltd. changed its name to TE Connectivity, which the company says it feels is more relevant to its position as a component and communications manufacturer. On February 16, 2006, a group of institutional investors, part of an existing lawsuit against Tyco International, sued the company to stop its proposed breakup plan.
As an independent company, TE Connectivity serves four major markets (as of 2011[update]):
- Automotive (31%)
- Broadband Connectivity (26%)
- Energy and Industrial (29%)
- Consumer (14%)
Total: USD14.3 billion
As of 2011[update], the company has nearly 100,000 employees operating in almost 50 countries.
Sales by region (as of 2011[update]) were: Europe/Middle East/Africa (35%), Americas (32%), Asia—excluding China (18%), China (15%).
TE Connectivity has multiple R&D sites which includes China & India. In India, it operates through Raychem RPG,a 50:50 Joint Venture with RPG Group for its Energy products range. Raychem RPG specialises in Connection systems ( Heat Shrink & Premolded Cable accessories up to 245kV, Connectors up to 1200kV) & Asset protection ( Surge Arresters & Insulation systems). It has also introduced Low loss Delta transformers. Website- www.raychemrpg.com
- Peter Key (15 September 2011), "TE Connectivity cutting 660 jobs worldwide, six in Berwyn", Philadelphia Business Journal (American City Business Journals), archived from the original on 16 September 2011, retrieved 16 September 2011
- "Tyco Electronics Is Now TE Connectivity Ltd." (Press release). TE Connectivity. 10 March 2011. Retrieved 10 March 2011.
- Seth Jayson (26 February 2011), Does Tyco Electronics Miss the Grade?, The Motley Fool
- "Investors Sue Tyco Over Proposed Breakup".
- RPG Group