TE Connectivity Announces Strategic Business Reconfiguration

Tip Ranks
2024.09.17 21:17

TE Connectivity Ltd. has announced a strategic business reconfiguration effective from Q1 fiscal 2025. The company will merge its Communications Solutions with Industrial Solutions and create a new segment called Automation and Connected Living by combining Appliance and Industrial. The new structure will consist of two main segments: Transportation Solutions and Industrial Solutions, which will include various businesses such as Automotive, Aerospace, and Medical.

An announcement from TE Connectivity ( (TEL) ) is now available.

TE Connectivity Ltd. is streamlining its management and business segments to closely align with its strategic direction, effective from the first quarter of fiscal 2025. The reconfiguration includes merging its Communications Solutions with Industrial Solutions and combining Appliance and Industrial into a new segment called Automation and Connected Living. The new structure will feature two main segments: Transportation Solutions, housing Automotive, Commercial Transportation, and Sensors businesses; and Industrial Solutions, encompassing Aerospace, Defense, and Marine, Medical, Energy, Digital Data Networks, along with the newly formed Automation and Connected Living.

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