TE Connectivity Ltd, formerly Tyco Electronics Ltd, designs and manufactures connectivity and sensor solutions for a variety of industries including automotive, industrial equipment, data communication systems, aerospace, defense, medical, oil and gas, consumer electronics, energy and subsea communications. The company serves customers in more than 150 countries.
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History
In 1941, Aircraft Marine Products (AMP) was founded with solderless electrical connections for quick and removable wire connection used for aircraft and ships. After the war time boom the company had to adapt to post war economy and in 1956 the name was changed to AMP Incorporated when it incorporated. In 1999, Tyco International acquired American electronics connector manufacturer AMP Incorporated.
In July 2007, Tyco separated into three publicly independent companies, Covidien Ltd (formerly Tyco Healthcare), Tyco Electronics Ltd, and Tyco International Ltd (formerly Tyco Fire & Security and Tyco Engineered Products & Services (TFS/TEPS)).
On March 10, 2011, Tyco Electronics Ltd changed its name to TE Connectivity, which the company said felt more relevant to its position as a connectivity and sensor component manufacturer.
On August 28, 2015, TE Connectivity Ltd announced that it has completed the sale of its broadband-networks business to CommScope Holding Co. for about US$3 billion.
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Structure
As an independent company, TE Connectivity operates through three major segments:
- Transportation Solutions (50%)
- Industrial Solutions (28%)
- Communications Solutions (22%)
Total: USD12 billion
In 2016, the company had 72,000 employees operating in almost 50 countries.
Sales by region (as of 2015) were: Europe/Middle East/Africa (35%), Americas (30%), Asia--Pacific (35%).
Source of the article : Wikipedia
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