TE Connectivity announced on 22 July, alongside record third-quarter results, a definitive agreement to acquire Astrodyne TDI from Tinicum L.P. for approximately $1.4bn in cash.
Why TE Connectivity plc is buying Astrodyne TDI
TE said the deal expands its power portfolio in the Industrial segment. Astrodyne TDI, based in Hackettstown, New Jersey, has more than 60 years of power supply design experience and manufactures in North America, China and South-East Asia.
“We look forward to welcoming the team to TE.”
Deal terms and financing
The price is about $1.4bn in cash for a business expected to contribute more than $250m of annual sales. Astrodyne will keep its leadership team and join TE's Automation & Connected Living business.
Regulatory approvals and timing
The transaction is subject to customary regulatory approvals and is expected to close by the end of calendar 2026.
Market context
TE reported record third-quarter sales of $5.16bn and orders of $5.7bn, with Digital Data Networks orders up 70% year to date on AI demand.
