Fresh PCB Concepts: Key Considerations for Reliability, Performance, and Compliance in PCBs
Elementary Mr. Watson: Navigating RF—A Glide Path Approach to Design Success
Designers Notebook: Layer Stackup Planning for RF Circuit Boards
AirBorn Announces Agreement to be Acquired by Molex
November 18, 2024 | PRNewswireEstimated reading time: 1 minute
AirBorn, a global manufacturer of high reliability electronics and components, announced it has entered into an agreement to be acquired by Molex, a leading global connectivity and electronics solutions provider.
"AirBorn will serve as the platform for Molex's aerospace and defense business, and that is a powerful opportunity for our highly specialized team," said Michael Cole, President & CEO of AirBorn. "By uniting AirBorn's unique expertise in the aerospace and defense market with Molex's global scale, capabilities and financial stability, we will be well positioned to pursue exciting profitable growth opportunities together."
"The aerospace and defense market represents an important new category of business for Molex. We are very excited about the opportunity to bring further diversification to our portfolio through a company with such a strong reputation and complementary product set," said Joe Nelligan, CEO, Molex. "Molex's combined engineering and manufacturing capabilities and AirBorn's long history and expertise in this fast-growing segment positions us well to support the expanding needs of our customers."
For more than 60 years, AirBorn has designed, manufactured and qualified electronic components for mission-critical applications in the military and defense, commercial air, space exploration, medical and industrial markets.
The acquisition is expected to close by early December 2024 subject to regulatory approvals. Details of the purchase agreement will not be disclosed. Wells Fargo Securities, LLC served as exclusive financial advisor and Locke Lord served as legal counsel to AirBorn on the transaction.
Share on:
Suggested Items
The Government Circuit: Trump’s Trade War Disrupts the Electronics Ecosystem
05/06/2025 | Chris Mitchell -- Column: The Government CircuitThere is certainly no shortage of work to be done in the IPC Government Relations department, as the U.S. waged a tariff campaign on practically every industrial country in the world and several countries embarked on high-tech initiatives with a mix of approaches to the crucial foundations of electronics manufacturing. Indeed, the breadth and speed of U.S. President Donald Trump’s tariff campaign continues to be a serious challenge for our industry.
Honeywell Advances Technology for the European Defense Sector
04/29/2025 | HoneywellHoneywell has received two research grants to execute projects aimed at advancing avionics and cybersecurity capabilities for the European defense sector.
Navigating Change, Mitigating Risk: We’ve Been Here Before
04/22/2025 | Marcy LaRont, PCB007 MagazineI visited with Tom Edman, president and CEO of TTM Technologies, and chair of the IPC Board of Directors. Tom candidly shares his insights into the implications of changes on the defense sector and the broader electronics manufacturing industry, especially concerning PCB manufacturing. With half of TTM’s business tied to defense, Tom discusses the potential opportunities and challenges arising from government initiatives, tariffs, and supply chain complexities.
RTX's Lower Tier Air and Missile Defense Sensor Positioned for Production
04/21/2025 | RTXRaytheon, an RTX business, is transitioning to production of its Lower Tier Air and Missile Defense Sensor, or LTAMDS, after completing the U.S. Army's rigorous flight test program and achieving the Department of Defense's Major Capability Acquisition Milestone C designation.
Neways Firmly Expands Defense Business
04/21/2025 | NewaysNeways Electronics, the global innovator in mission-critical electronics, foresees very strong growth in its defense-related activities in the near term.