Every Connection Counts
|Traded as||NYSE: TEL
S&P 500 Component
|Headquarters||Schaffhausen, Switzerland (incorporation)
Berwyn, Pennsylvania (executive)
|Tom Lynch, CEO|
|Products||Electronics, Electronic Components, Networking|
|Revenue||ca. USD 12 billion (Fiscal 2014)|
|Footnotes / references
TE Connectivity Ltd. designs and manufactures connectivity and sensor solutions for a variety of industries including automotive, industrial equipment, data communication systems, aerospace, defense, oil and gas, consumer electronics, energy and subsea communications. 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 connectivity and sensor component 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 operates through three major segments:
- Transportation Solutions (50%)
- Industrial Solutions (28%)
- Communications Solutions (22%)
Total: USD12 billion
As of 2015[update], the company has nearly 75,000 employees operating in almost 50 countries.
Sales by region (as of 2015[update]) were: Europe/Middle East/Africa (35%), Americas (30%), Asia—Pacific (35%).
TE Connectivity Ltd. announced on Friday, August 28, 2015, that it has completed the sale of its broadband-networks business to CommScope Holding Co. for about $3 billion. http://www.te.com/content/dam/te-com/documents/about-te/marketing/global/news-center/TE%20Connectivity%20News%20Release%20Close%20of%20BNS%20FINAL.pdf
- 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".