Molex Inc. Acquires Strategis' Protocol Conversion BusinessMolex Incorporated announced that it has acquired Strategis Technologies’ firmware-based protocol conversion business. The transaction includes assets, 3/17/2004 7:00 AM Eastern
Molex Incorporated announced that it has acquired Strategis Technologies’ firmware-based protocol conversion business. The transaction includes assets, products, technology and intellectual technology property of Strategis, which is currently located in McHenry, IL. As part of the agreement, the design and marketing group of Strategis will join Molex. The business will become a part of Molex’s Integrated Products Division and operate out of Molex’s headquarters. The transaction does not include the navigation and routing business of Strategis. Terms of the acquisition were not provided.
Molex and Strategis have been working together developing advanced protocol conversion products during the past 18 months as part of a joint development agreement between the two companies. The transaction formalizes Molex’s commitment to the development of intelligent interconnect products and systems as an extension of its Integrated Products Division. Customers will benefit from the enhanced development and manufacturing capabilities of a single supplier developing and producing these products.
Molex Incorporated is a 65-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems. Based in Lisle, Illinois, the company operates 58 manufacturing facilities in 19 countries.
For more information, visit the Molex Website at www.molex.com.