Molex Completes Acquisition of FCT Electronics Group

LISLE, Ill.--()--Molex Incorporated, a global electronics components company, today announced that it has completed the acquisition of FCT Electronics Group, based in Munich, Germany. FCT Electronics Group specializes in designing and manufacturing custom mixed-layout connectors and cable assemblies. This strategic acquisition is expected to expand the presence of Molex solutions in the global medical electronics, industrial, telecom and aerospace 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,” said Tim Ruff, Molex senior vice president of business development and corporate strategy. “FCT is well known for its technology and service as well as the depth and breadth of its product offerings. Their excellent team of talented, experienced professionals has a long history of success, with deep customer relationships across diverse markets.”

Dan Schreck, FCT Electronics Group president, U.S., expects that the Molex global sales and distribution network will give both companies the opportunity for faster growth. “Molex has a reputation in our industry as a preeminent, blue chip manufacturer of the highest quality interconnect products,” noted Schreck. “Combining Molex resources and FCT’s unique position in several exciting, emerging markets will benefit our customers and our employees.”

About FCT Electronics Group

FCT Electronics Group was founded in 1972. It has manufacturing operations in Germany, the Czech Republic, Thailand and the United States.

About Molex Incorporated

Providing more than connectors, Molex delivers complete interconnect solutions for a number of markets including: data communications, telecommunications, consumer electronics, industrial, automotive, commercial vehicle, aerospace and defense, medical and lighting. Established in 1938, the company operates 41 manufacturing locations in 15 countries. The Molex website is www.molex.com. Follow us at www.twitter.com/molexconnectors, watch our videos at www.youtube.com/molexconnectors, connect with us at www.facebook.com/molexconnectors and read our blog at www.connector.com.

Forward-Looking Statements

Statements in this release that are not historical are forward-looking and are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Words such as “expect,” “anticipate,” “outlook,” “forecast,” “could,” “project,” “intend,” “plan,” “continue,” “believe,” “seek,” “estimate,” “should,” “may,” “assume,” “potential,” variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are based on currently available information and include, among others, the discussion under “Outlook.” These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Respective risks, uncertainties, and assumptions that could affect the outcome or results of operations are described in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended June 30, 2012 and the Form 10-Q for the quarters ended September 30, 2012, December 31, 2012 and March 31, 2013, which are incorporated by reference and in other reports that Molex files or furnishes with the Securities and Exchange Commission.

We have based our forward-looking statements on our management’s beliefs and assumptions based on information available to management at the time the statements are made. We caution you that actual outcomes and results may differ materially from what is expressed, implied, or forecast by our forward-looking statements. Reference is made in particular to forward-looking statements regarding growth strategies, industry trends, global economic conditions, success of customers, cost of raw materials, value of inventory, currency exchange rates, labor costs, protection of intellectual property, cost reduction initiatives, acquisition synergies, manufacturing strategies, product development introduction and sales, regulatory changes, competitive strengths, natural disasters, unauthorized access to data, government investigations and outcomes of legal proceedings. Except as required under the federal securities laws, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this report, whether as a result of new information, future events, changes in assumptions, or otherwise.

Molex is a registered trademark of Molex Incorporated.

Contacts

Editorial Contact:
Outlook Marketing Services
Christa Carroll, 630-408-9164
christa.carroll@molex.com
or
Corporate Contact:
Molex Incorporated
Susan Armitage, 630-527-4561
Vice President, Corporate Communications
susan.armitage@molex.com

Release Summary

Molex completes acquisition of FCT Electronics Group; acquisition expected to expand the presence of Molex solutions medical, industrial, telecom and aerospace industries

Contacts

Editorial Contact:
Outlook Marketing Services
Christa Carroll, 630-408-9164
christa.carroll@molex.com
or
Corporate Contact:
Molex Incorporated
Susan Armitage, 630-527-4561
Vice President, Corporate Communications
susan.armitage@molex.com