Molex expands its position in the aerospace and defence sectors with AirBorn acquisition

“Combining Molex’s engineering breadth and manufacturing scale with AirBorn’s expertise in ruggedised, mission-critical products will enable us to better serve the evolving needs of our customers in this fast-growing global market.”

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Molex has announced its acquisition of rugged connectors and electronic components manufacturer, AirBorn. The Georgetown, Texas, based company designs and produces parts for Original Equipment Manufacturers (OEMs) in the aerospace, defence, commercial air, space exploration, medical, and industrial sectors. Molex hopes to strengthen its position in these industries through this acquisition.

“The acquisition of AirBorn brings strong capabilities to Molex in the aerospace and defence market,” said Joe Nelligan, CEO of Molex. “Combining Molex’s engineering breadth and manufacturing scale with AirBorn’s expertise in ruggedised, mission-critical products will enable us to better serve the evolving needs of our customers in this fast-growing global market.”

Michael Cole, President and CEO of AirBorn added, “AirBorn will serve as the platform for Molex’s aerospace and defence business, which is a powerful opportunity for our highly specialised team. By uniting AirBorn’s unique expertise in the aerospace and defence 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. The purchase price will not be disclosed.