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TE Connectivity to Buy AdvancedCath for $190 Million

February 19, 2015

TE Connectivity, a maker of components for healthcare applications, will acquire San Jose, Calif.-based AdvancedCath for $190 million in cash. The deal is expected to close in March, the Swiss firm said Wednesday.

The deal complements and expands TE’s position as a leading provider of connectivity and sensor solutions to devicemakers, as well as opportunities in the global device market, the company said.

TE’s current product line includes connectors, sensors and components for use in surgical, interventional catheter, imaging, diagnostic and therapeutic applications.

AdvancedCath anticipates revenues of about $60 million in 2015. Following completion of the deal, the company will be part of TE’s Medical business unit. — Kellen Owings