New York Stock Exchange listed TE Connectivity, the world’s leading provider of connector and sensor technology solutions, acquires Pfeiffer Intercontec group. Taylor Wessing has been advising the Pfeiffer family as seller in this transaction. As a family-owned group, Pfeiffer Intercontec manufactures metric circular connectors and is one of the leading specialists for hybrid connectors and quick lock systems. Pfeiffer Intercontec operates four manufacturing sites in Germany. With its global headquarters in Switzerland and 72,000 employees worldwide, TE Connectivity generates sales of 12 billion US-Dollar. The parties agreed not to reveal the purchase price. Closing of the transaction remains subject to merger control approval.
Legal counsel to the Pfeiffer family:
Taylor Wessing (Munich): Dr. Christian Traichel (lead partner, Corporate/M&A), Dr. Rebekka Krause (Corporate/M&A), Dr. Marco Hartmann-Rüppel (Competition/Merger Control, Hamburg); Konstantin Schrader (Competition/Merger Control, Hamburg), Dr. Kilian Friemel (Employment), Dr. Nicolai Wiegand, LL.M. (IP/IT), Dr. Michael Kieffer (Commercial), Mike Goldammer (China Group), Dr. Guang Li (China Group), Rachel Yao (China Group, Shanghai), Anja Lunze (Patents).