Molex to Acquire AirBorn, Strengthening Aerospace and Defense Portfolio
The acquisition enhances Molex’s position in the $5B aerospace and defense interconnect market, combining expertise in rugged connectors with global scale.
www.molex.com
- AirBorn provides mission-critical components and services to leading companies in the aerospace and defense, commercial air, space exploration, medical and industrial markets
- Customers and partners to benefit from combined talent, expertise, core products, global scale and integrated capabilities
- Portfolio expansion and engineering innovation in specialized, rugged connector and electronic components represent major growth opportunities in the $5B aerospace and defense interconnect market
“The acquisition of AirBorn brings strong capabilities to Molex in the aerospace and defense market,” said Joe Nelligan, CEO, Molex. “Combining Molex’s engineering breadth and manufacturing scale with AirBorn’s expertise in ruggedized, mission-critical products will enable us to better serve the evolving needs of our customers in this fast-growing global market.”
For more than 60 years, AirBorn products have been trusted to perform in extreme conditions where mission-critical reliability is vital to success. “AirBorn will serve as the platform for Molex’s aerospace and defense business, which is a powerful opportunity for our highly specialized team,” said Michael Cole, President and CEO, AirBorn. “By uniting AirBorn’s unique expertise in the aerospace and defense market with Molex’s global scale, capabilities and financial stability, we will ensure long-term success in a rapidly expanding category.”
The acquisition is expected to close by early December 2024, subject to regulatory approvals and other customary closing conditions. More information will be shared at that time. The details of the purchase price will not be disclosed.
Jones Day is acting as Molex’s legal advisor and Evercore is serving as Molex’s exclusive financial advisor.
www.molex.com
