Amphenol (APH) Closes $1 Billion Acquisition of Trexon

Amphenol Corporation (NYSE:APH) is one of the 15 Best Aggressive Growth Stocks to Buy Right Now. On November 6, Amphenol Corporation (NYSE: APH) announced that it has closed its acquisition of Trexon from Audax Private Equity for about $1 billion in cash.

Trexon specializes in providing high-reliability interconnect and cable assemblies mainly for the defense industry. It is headquartered in Boston, Massachusetts and has facilities in the United States and the United Kingdom. According to Amphenol Corporation (NYSE:APH), Trexon is expected to have sales of approximately $290 million and EBITDA margins of about 26% in 2025.

Amphenol (APH) Closes $1 Billion Acquisition of Trexon

Amphenol Corporation (NYSE:APH) will include Trexon in its Harsh Environment Solutions segment. This acquisition is also expected to be accretive to the company’s earnings per share in the first year post closing.

With the closing of this acquisition, Amphenol Corporation (NYSE:APH) plans to increase its technology solutions for its customers by combining Trexon’s strong portfolio of high-reliability cable assembly products with its high-technology interconnect offerings in the defense market.

Amphenol Corporation (NYSE:APH) is a leading global company that specializes in the design, manufacturing, and marketing of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable.

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Disclosure: None. This article is originally published at Insider Monkey.