Molex to acquire FCT Electronics

14th August 2013

Nat Bowers

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Molex has today revealed that it has signed a definitive agreement to acquire FCT Electronics Group, a specialist in custom mixed-layout connectors and cable assemblies based in Germany. According to Tim Ruff, Molex senior vice president of business development and corporate strategy, this is a strategic acquisition that will help expand Molex’s presence in the global medical electronics, industrial, telecom and aerospace markets.

Ruff commented:“FCT Electronics Group is a great fit for Molex because it expands our ability to provide customized connector and cable assembly solutions across a broad range of end markets. FCT Electronics Group is well known for its technology and service as well as the depth and breadth of its product offering. It has a long history of success because of its excellent team of talented, experienced professionals with deep customer relationships across many markets.”

Toni Kling, FCT Electronics Group founder and CEO, thinks that Molex’s global sales and distribution reach will give both companies the opportunity for faster growth.

“We offer specialized connectors and cable assembly solutions for our customers. With Molex’s global sales and marketing team, we expect to significantly increase our market reach in both new geographies and markets,” commented Kling.

FCT Electronics Group co-owner and president, Dan Schreck agrees, commenting: “We are very excited to join forces with Molex,” Schreck said. “Molex has a reputation in our industry as a preeminent, blue chip manufacturer of the highest quality interconnect products. Combining Molex’s resources and FCT’s unique position in several exciting, emerging markets will benefit our customers and employees.”