Molex acquires FCT Electronics Group
ILLINOIS. Global electronics components company, Molex Incorporated, has announced the acquisition of FCT Electronics Group, a company that specializes in designing and producing cable assemblies and custom mixed layout connectors. The acquisition is expected to assist Molex's expansion into the global aerospace, industrial, medical electronics, and telecom industries.
“FCT Electronics Group is a great fit for Molex because it builds on our ability to provide customized connector and cable assembly solutions to a broader range of customers,” says Senior VP of Business Development and Corporate Strategy for Molex, Tim Ruff.
FCT Electronics Group President, Dan Schreck, anticipates the acquisition to be beneficial for both companies. “Combining Molex resources and FCT’s unique position in several exciting, emerging markets will benefit our customers and our employees.”