) recently announced that it has entered into an agreement to
acquire the Advanced Sensors business of
) for approximately $318 million.
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General Electric's Advanced Sensors unit is a supplier of highly
engineered sensors and sensor-based instruments. The company
sells its products to transportation, automotive, medical and
other industrial markets. The acquisition is expected to close by
the end of this year and is expected to be accretive to earnings
in the first year itself.
The strategic move is aimed to deliver value-added solutions to
Amphenol's customers across a wide range of end markets. The
sensor and sensor-based product offerings complement Amphenol's
core interconnects offering and is expected to deliver long-term
expansion opportunity. The experienced management team of
Advanced Sensors and the strong operating discipline of Amphenol
are expected to be beneficial for both the companies.
Over the years, Amphenol has acquired on a global basis in the
high-growth segments that have complementary capabilities from a
product, customer or geographic standpoint.
Amphenol designs and manufactures connectors and interconnecting
systems that are primarily used to transmit electrical and
optical signals for a wide range of sophisticated electronic
applications. The company designs, manufactures and markets
electrical, electronic and fiber optic connectors, interconnect
systems and coaxial and high-speed specialty cable.
Amphenol currently has a Zacks Rank #3 (Hold). Other stocks that
look promising and are worth a look now include
Avago Technologies Ltd
), carrying a Zacks Rank #1 (Strong Buy), and
), carrying a Zacks Rank #2 (Buy).