TE Connectivity Ltd.
TE Connectivity Announces Jurisdiction Change to Ireland
Summary
On March 14, 2024, TE Connectivity Ltd.'s Board of Directors approved changing the company's jurisdiction of incorporation from Switzerland to Ireland. This decision was followed by the entry into a merger agreement on March 18, 2024, with TE Connectivity plc, a wholly-owned Irish subsidiary. The merger aims to merge TE Connectivity Ltd. into TE Connectivity Ireland, making the latter the publicly-traded parent company with shares listed on the NYSE under the symbol 'TEL'. The merger is subject to shareholder approval expected by June 12, 2024, and other customary conditions.
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About TE Connectivity Ltd.
TE Connectivity Ltd. is a global technology company specializing in the design and manufacture of connectivity and sensor solutions. The company serves various industries, including automotive, aerospace, defense, medical technology, energy, data communications, and consumer electronics. TE Connectivity's primary function is to provide essential components and integrated solutions that enable reliable and robust electrical connections and data transfers in critical applications. Notable features of the company include its focus on innovation and sustainability, offering products like connectors, sensors, relays, and fiber optic equipment that improve efficiency and durability. Its products are fundamental in facilitating advancements in the Internet of Things (IoT), autonomous driving, renewable energy, and high-speed data applications. In the financial markets, TE Connectivity plays a significant role as a leader in the electronic components sector, known for its commitment to quality and cutting-edge technology. The company's operations extend globally, with a strong presence in both established and emerging markets, making it a vital link in the supply chains of some of the world's leading technology and industrial companies.
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