As it works to strengthen its global reach, Molex Inc., Lisle, Ill., announced today it will acquire FCT Electronics Group, Munich, Germany, a manufacturer of custom mixed-layout connectors and cable assemblies.
According to Tim Ruff, Molex senior vice president of business development and corporate strategy, this is a strategic acquisition that will help expand Molex’s presence in the global medical electronics, industrial, telecom and aerospace markets.
According to FCT Electronics Group co-owner and president, “Molex has a reputation in our industry as a preeminent, blue chip manufacturer of the highest quality interconnect products. Combining Molex’s resources and FCT’s unique position in several exciting, emerging markets will benefit our customers and employees.”
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