November 20, 2024 /SemiMedia/ — Molex has announced plans to acquire Texas-based AirBorn to strengthen its rugged connector technology and manufacturing capabilities in the aerospace and defense sectors. The deal also includes AirBorn's manufacturing facility in the UK, though financial terms were not disclosed.

AirBorn specializes in designing and producing connectors and electronic components, including VPX power systems, for global original equipment manufacturers (OEMs). Its products serve aerospace, defense, commercial aviation, space exploration, medical, and industrial markets. The company operates nine manufacturing facilities globally, including one in Edenbridge, Kent, UK, as well as several in the United States and Canada.

“This acquisition significantly enhances Molex’s capabilities in the aerospace and defense markets,” said Joe Nelligan, CEO of Molex. “By combining Molex’s engineering expertise and manufacturing scale with AirBorn’s specialization in rugged, mission-critical products, we will be better positioned to meet the evolving needs of this rapidly growing global market.”

Michael Cole, President and CEO of AirBorn, called the acquisition a strong growth opportunity. “Merging AirBorn’s expertise with Molex’s global scale, capabilities, and financial stability will ensure long-term success in these rapidly expanding sectors,” he said.

The acquisition is expected to close in early December 2024, subject to regulatory approval.