The connector industry has seen many acquisitions within the industry since the mid-1990s. In the last ten years, there have been 187 acquisitions, an average of nearly 19 acquisitions per year.

Acquisitions in the Connector Industry - 1990 - 2016

Many of the acquisitions that have occurred have been the larger connector companies buying-up their smaller competitors or acquiring companies to fill product gaps. One of the largest sales completed in 2016 was the acquisition of FCI by Amphenol. FCI’s revenues were estimated at $600 million in the prior year. Other acquisitions were more strategic such as TE, who has been pursuing a strategy of acquiring companies in harsh environment businesses or Molex who has acquired a number of companies who focus on medical applications.

The landscape of the industry has been changed by acquisitions. Since 2000, the ten largest interconnect companies have gone from holding 48.9% of the industry market share to 57.7% of the market share in 2015. A significant portion of this growth has occurred as the result of acquisitions. Companies that were once part of the top ten, such as T&B, Berg, Augat and Cinch, no longer exist as independent companies.

Bishop & Associates has noted 19 acquisitions in the interconnect space in 2016 by 14 different companies. The following is a list of acquirers and the acquired:

Amphenol
• Acquired FCI (Jan 2016)
• Acquired Martec (June 2016)

Avnet
• Acquired Premier Farnell (July 2016)

Axon’ Cable SAS
• Acquired CISAL SAS (January 2016)

Carlisle Interconnect Technologies
• Acquired Micro-Coax (June 2016)

Corning
• Acquired Alliance Fiber Optic (June 2016)

J. F. Lehman & Company (“JFLCO”)
• Acquired API Technologies Corp. (Spectrum Controls) (April 2016)

Leoni
• Acquired 51% of Wuhan Hengtong Automotive (September 2016)

Littelfuse, Inc
• Completes acquisition of circuit protection business of TE Connectivity Ltd (March 2016)

Molex
• Acquired Interconnect Systems (April 2016)
• Acquired Phillips-Midsize (Aug 2016)

PEI-Genesis
• Acquired connector manufacturer FilConn (May 2016)

Phoenix Contact
• Acquired Perle Systems Limited (2016)

Samtec
• Acquired nMode Solutions (May 2016)

Snow Phipps
• Acquired Winchester (July 2016)

TE Connectivity
• Acquired Creganna Medical Group (April 2016)
• Acquired Jaquet Technology Group (May 2016)
• Acquired Intercontec Group (October 2016)

Weidmüller Group
• Bosch Rexroth Monitoring Systems (Aug 2016)
 

Ronald E. Bishop


Ronald E. Bishop

Ronald E. Bishop founded Bishop & Associates Inc., a market research firm that specializes in the world electronic connector industry, in 1985. The firm publishes a monthly newsletter titled “The Bishop Report,” and the twice-monthly digital publication Connector Supplier.

The reports, produced by a staff of 20 researchers, focus on geographic regions, end-user equipment markets, connector products, and interconnect technologies.

The firm also provides executive placement services and conducts multi-client studies and customer surveys, and assists in merger and acquisition activity.

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