Molex, a global leader in electronic connectivity innovation, has entered into an agreement to acquire Smiths Interconnect, a subsidiary of Smiths Group plc, based in the United Kingdom. Smiths Interconnect is a renowned provider of high-reliability connectivity solutions serving the aerospace and defense, medical, semiconductor test, and industrial markets. Under the terms of the agreement, Smiths Group will receive a cash consideration, subject to standard adjustments for working capital, cash, and debt.
Smiths Interconnect specializes in designing and manufacturing advanced electronic components and subsystems — including microwave, optical, and radio frequency technologies — that connect, protect, and control mission-critical applications. The company operates 21 sales, R&D, and manufacturing sites across 12 countries, including the U.S., Canada, Mexico, Costa Rica, France, Germany, Italy, the U.K., Tunisia, India, China, and Singapore. Its products play a key role in supporting the $5 billion aerospace and defense sector, as well as the semiconductor test, industrial, and medical industries.
The transaction is anticipated to close in the first half of 2026, pending regulatory approvals and customary closing conditions. Additional details will be announced upon completion. Jones Day is serving as Molex’s legal advisor, and Rothschild & Co is acting as its exclusive financial advisor.
“Molex is excited to reinforce our commitment to the aerospace and defense market with the acquisition of Smiths Interconnect,” said Joe Nelligan, CEO, Molex. “Smiths Interconnect has a highly complementary portfolio of advantaged solutions that strongly enhances the platform established by our acquisition of AirBorn last November. The combination of Molex’s global scale, capabilities and financial stability with Smiths Interconnect’s complementary technologies, products, customers and footprint will enable us to expand our aerospace and defense business and support customers in new and innovative ways.”
Source: molex.com