Beyond the Board: The Future of Innovation—Why the Electronics Industry Needs You
American Made Advocacy: New Congress, New Opportunities
The Government Circuit: News on Defense Electronics, Europe, and Sustainability
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
Curtiss-Wright Receives $18 Million Follow-On Order from U.S. Marine Corps
03/07/2025 | BUSINESS WIRECurtiss-Wright’s Defense Solutions Division today announced it has received a follow-on order from the U.S. Marine Corps, PEO Land Systems, via Defense Logistics Agency - Tailored Logistic Support (DLA-TLS) contract, to provide its Modular Open Systems Approach (MOSA) based tactical communications technology for use in the Application Server Module (ASM), part of the Combat Data Network (CDN) program.
Lockheed Martin, Nokia, and Verizon Advance Defense Capabilities Through 5G.MIL® Collaboration
03/04/2025 | Lockheed MartinLockheed Martin, Nokia, and Verizon announced the successful integration of Nokia's industry-leading, military-grade 5G solutions into Lockheed Martin's 5G.MIL® Hybrid Base Station (HBS).
SkyWater to Acquire Infineon’s Austin Fab and Establish Strategic Partnership To Expand U.S. Foundry Capacity for Foundational Chips
02/26/2025 | InfineonSkyWater Technology has entered into an agreement with Infineon Technologies AG for SkyWater to purchase Infineon’s 200 mm fab in Austin, Texas, (Fab 25) and a corresponding long-term supply agreement.
Vuzix Ships Customized Waveguides to a Major US-based Defense Customer
02/25/2025 | PRNewswireVuzix Corporation, a leading supplier of smart glasses, waveguides and augmented reality (AR) technology, announced that it has fulfilled a six-figure follow-on production order for customized waveguides. These waveguides will be used to enable a lightweight heads-up display (HUD) for a key defense program.
China's New Critical Mineral Restrictions Will Cause Disruption Across Defense, Renewable Energy, Electronics and Manufacturing
02/25/2025 | PRNewswireExiger released proprietary research generated by its AI platform 1Exiger predicting the impacts of China's new export restrictions on tungsten, tellurium, bismuth, indium, and molybdenum. Exiger's research finds that the defense, renewable energy, electronics, and manufacturing sectors are particularly vulnerable to supply delays, material shortages, price increases, and supply bottlenecks.