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Molex completes Laird acquisition

Molex has completed the acquisition of the Connected Vehicle Solutions (“CVS”) division of Laird, owned by funds managed by Advent International.

CVS specialises in the design, development and delivery of vehicle antenna systems, smart device integration and vehicle connectivity devices.

“This strategic move supports our solutions vision and expands our capabilities in the changing automotive market,” said Joe Nelligan, CEO of Molex. “By expanding the Molex automotive portfolio with Laird CVS, we will be able to deliver even greater value to OEMs building the next-generation of intelligent vehicles.”

Demand is on the rise for seamless end-to-end network communications and integration across hardware, software and services in the automotive industry. Through the acquisition, Molex is looking to build on its existing capabilities to serve customers developing agile connected vehicle technologies integrating the Molex 10Gbps Automotive Ethernet Network Platform and other connected mobility solutions.

Author
Neil Tyler

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http://www.molex.com

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Molex

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