Lisle, IL – November 14, 2024 -- Molex, a leading global connectivity and electronics solutions provider, today announced the signing of an agreement to purchase AirBorn, Inc., an employee-owned company headquartered in Georgetown, TX, specializing in the design and manufacturing of rugged connectors and electronic components for global Original Equipment Manufacturers (OEMs) serving the aerospace and defense, commercial air, space exploration, medical and industrial markets.
“The acquisition of AirBorn brings strong capabilities to Molex in the aerospace and defense market,” said Joe Nelligan, CEO, Molex. “Combining Molex’s engineering breadth and manufacturing scale with AirBorn’s expertise in ruggedized, mission-critical products will enable us to better serve the evolving needs of our customers in this fast-growing global market.”
For more than 60 years, AirBorn products have been trusted to perform in extreme conditions where mission-critical reliability is vital to success. “AirBorn will serve as the platform for Molex’s aerospace and defense business, which is a powerful opportunity for our highly specialized team,” said Michael Cole, President and CEO, AirBorn. “By uniting AirBorn’s unique expertise in the aerospace and defense market with Molex’s global scale, capabilities and financial stability, we will ensure long-term success in a rapidly expanding category.”
The acquisition is expected to close by early December 2024, subject to regulatory approvals and other customary closing conditions. More information will be shared at that time. The details of the purchase price will not be disclosed.
Jones Day is acting as Molex’s legal advisor and Evercore is serving as Molex’s exclusive financial advisor.
About Molex
Molex is a global electronics leader committed to making the world a better, more-connected place. With a presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life.