Amphenol Corporation has completed its acquisition of FCI Asia Pte Ltd., gaining its portfolio of interconnect solutions.
FCI manufactures electronic connectors for the telecom, datacom, wireless communications, and industrial fields.
“The acquisition of FCI expands Amphenol’s high technology product portfolio while enabling the company to better serve our customers across many of our end markets,” said Richard Adam Norwitt, Amphenol’s president and CEO. “We are excited to welcome FCI’s talented organization to Amphenol and look forward to working together with them to drive outstanding operating performance.”
In June of 2015, the Connecticut-based Amphenol announced that it would buy Singapore-based FCI Asia for $1.28 billion. TCI had predicted 2015 sales of $600 million and employed about 7,400 people worldwide.
At that time, Norwitt expected the acquisition to be accretive to earnings per share in the first year.
Further updates on the financial impact of the acquisition will be provided at Ampherol’s fourth quarter earnings call on Jan. 20.
Amphenol operates development, manufacturing, and sales facilities around the world. Its major products are electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors, and coaxial and high-speed specialty cable.