TE Connectivity Announces Strategic Business Reconfiguration

Tip Ranks
2024.09.17 21:17
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TE Connectivity Ltd. has announced a strategic business reconfiguration effective from Q1 fiscal 2025. The company will merge its Communications Solutions with Industrial Solutions and create a new segment called Automation and Connected Living by combining Appliance and Industrial. The new structure will consist of two main segments: Transportation Solutions and Industrial Solutions, which will include various businesses such as Automotive, Aerospace, and Medical.