Koch Industries boosts expertise in aerospace and defense connectors with Molex acquisition

WICHITA, Kan., 11 Dec. 2013. Executives at industrial manufacturer Koch Industries Inc. in Wichita, Kan., are boosting their company's expertise in electronic, electrical, and fiber optic connectors with their acquisition of Molex Inc. in Lisle, Ill.

Koch completed its purchase of Molex this week for $7.2 billion. Molex designs connectors for military and aerospace, industrial, medical, automotive, telecommunications, mobile devices and consumer electronics.

Koch executives finalized the deal the merger of company subsidiary Koch Connectors Inc. As a result, Molex becomes an indirect wholly owned subsidiary of Koch Industries. Molex will retain its name and headquarters in Lisle, Ill., and be operated by its current management team.

Molex fiscal 2013 earnings were $3.6 billion. Molex shares no longer will be listed on the NASDAQ Global Select Market, the London Stock Exchange, or any other securities exchange.

Koch has annual revenues of about $115 billion, and is involved in refining, chemicals and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment; minerals; commodity trading and services; ranching; glass; and investments.

Molex operates 45 manufacturing locations in 17 countries and employs more than 36,000 people. For more information contact Koch Industries online at www.kochind.com, or Molex at www.molex.com.

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account.


The Innovation That Matters™ Quiz

Innovation is one of the key drivers in the Defense industry. View this short video on the role of innovation. Then, simply answer 4 multiple-choice questions correctly to be entered into a drawing to win an Eddie Bauer fleece jacket!

CONGRATULATIONS TO OUR THREE MOST RECENT WINNERS. Eric from L3, Alan from ATK, and Terry from the University of California


Featured Slideshow

Evolution of the American soldier

The American soldier has come a long way since the beginning of the Republic 237 years ago. While uniforms for early soldiers were based on cost and utility, soldiers' clothing eventually considered ballistic protection, increasing storage space, protection from poison gas and other contaminants.

Wire News provided by   

Most Popular Articles

Webcasts

On Demand Webcasts

Engineering the VPX high-speed data path for physical and signal integrity

Join Arrow Electronics and TE Connectivity, for an overview webinar of the standards, technologies and trends involving VITA and TE.

Design Strategy Considerations for DO-178C Certified Multi-core Systems

Join Wind River to learn how system architecture and design choices can minimize your DO-178C certification challenges.

Sponsored by:

Flying, Sailing or Driving - The Rugged, Embedded Intel-based Server that goes where you need it!Flying Sailing or Driving

Leveraging the power of server-class processors is no longer relegated to the confines of data centers. Through several innovations, Mercury Systems has ruggedized Intel’s server-class chips for deployment. ...
Sponsored by:

social activity

All Access Sponsors

View the 2014 Buyer's Guide Now!


Mil & Aero Magazine

April 2014
Volume 25, Issue 4
file

Download Our Apps



iPhone

iPad

Android

Follow Us On...



Newsletters

Military & Aerospace Electronics

Weekly newsletter covering technical content, breaking news and product information
SUBSCRIBE

Defense Executive

Monthly newsletter covering business news and strategic insights for executive managers
SUBSCRIBE

Embedded Computing Report

Monthly newsletter covering news on embedded computing in aerospace, defense and industrial-rugged applications
SUBSCRIBE

Unmanned Vehicles

Monthly newsletter covering news updates for designers of unmanned vehicles
SUBSCRIBE