Tuesday, August 5, 2014

TE Connectivity completes acquisition of Telecom Business of #RPG Enterprises

TE Connectivity (TE) has announced that it has completed the acquisition of the telecom business of Raychem RPG (RRPG), a joint venture company co-owned by TE and RPG Enterprises. The acquired business will now become part of TE's Network Solutions segment.

As part of the acquisition, TE recently inaugurated the new manufacturing facility in Vasai, Mumbai, which will be the hub for telecommunication engineering services supplying the fiber market in the Southeast Asia region. With this acquisition, TE strengthens its local telecom engineering and manufacturing expertise in India.

“We aspire to become the market leader in the telecommunications sector and the acquisition will further strengthen the foundation of our company, which is admired for outstanding customer service, technology leadership and product innovation,” said KK Shetty, director, India and SAARC, Network Solutions, TE India.

RRPG was established in 1989 by Raychem Corporation and RPG Enterprises, and has completed 25 successful years in India. TE acquired Raychem Corporation in 1999, and the operations were run as a 50-50 joint venture between TE and RPG Enterprises. The joint venture company manufactures and markets cable joints, transformers and insulation products in the energy space which will continue and remain unaffected.