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WALLINGFORD, Conn. - Amphenol Corporation (NYSE:APH), a $133 billion market cap company currently trading near its 52-week high of $112.35, announced Monday it has reached a definitive agreement to acquire Trexon, a provider of high-reliability interconnect and cable assemblies primarily for the defense market, for approximately $1 billion in cash. The company has demonstrated strong performance with revenue growth of 40.5% over the last twelve months.
Boston-headquartered Trexon, which operates facilities in the U.S. and U.K., is expected to generate sales of approximately $290 million in 2025 with EBITDA margins of about 26%, according to the company statement.
"Trexon’s unique portfolio of high-reliability cable assembly products will be highly complementary to our existing offerings in the defense market," said Amphenol President and Chief Executive Officer R. Adam Norwitt.
The transaction is subject to regulatory approvals and other customary closing conditions. Amphenol plans to finance the acquisition with cash on hand and expects to complete the deal in the fourth quarter of 2025.
Following the acquisition, Trexon will be integrated into Amphenol’s Harsh Environment Solutions segment. The company expects the transaction to be accretive to earnings per share in the first year after closing.
Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products across approximately 40 countries worldwide. The company serves multiple sectors including automotive, commercial aerospace, communications networks, defense, industrial, and information technology.
The information in this article is based on a press release statement from Amphenol Corporation.
In other recent news, Amphenol Corporation reported impressive second-quarter earnings, with revenue reaching $5.65 billion and earnings per share at $0.81. These figures significantly exceeded analyst expectations of $5.04 billion in revenue and $0.67 in earnings per share. The company also reported a 56.5% year-over-year sales increase, with 41% attributed to organic growth. Additionally, Amphenol announced a $10.5 billion acquisition of CommScope’s Connectivity and Cable Solutions segment, which is expected to close in the first half of 2026, pending shareholder approval. Analysts have been active following these developments, with Truist Securities raising its price target for Amphenol to $126, citing strong results and guidance. UBS also increased its price target to $120, following a 21% earnings per share beat in the second quarter and positive third-quarter guidance. Evercore ISI maintained its Outperform rating, reiterating a $110 price target after the strong earnings report. Meanwhile, BofA Securities raised its price target to $110, although it noted a book-to-bill ratio below 1 and expected declines in IT Datacom revenue.
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