Molex Incorporated Acquisition
October 12 2012 - 2:00AM
UK Regulatory
TIDMMOL
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Molex Expands Global Medical Electronics Market Capabilities
with Acquisition of Affinity Medical Technologies
Molex Incorporated (NASDAQ: MOLX) (NASDAQ: MOLXA), global
manufacturer of complete interconnect solutions, announced today it
has acquired Affinity Medical Technologies LLC, based in Costa
Mesa, Calif. Affinity Medical Technologies specializes in designing
and manufacturing custom medical interconnect products. According
to Tim Ruff, Molex Senior Vice President of Business Development
and Corporate Strategy, this is a strategic acquisition that will
help expand Molex's presence in the global medical electronics
market.
"Affinity Medical Technologies is a great fit for Molex because
it expands our capabilities in key areas that will help us better
serve the global medical electronics market," Ruff said. "Its
products are used in almost every area of medical monitoring.
Affinity Medical is well known for its quality and service as well
as its expertise in product design, engineering, assembly and
testing. Affinity Medical will help us quickly deliver the
innovative solutions the medical electronics market demands. It has
an excellent group of talented, experienced people with strong
relationships within the medical electronics market."
Mary Phillipp, Affinity Medical founder and CEO, agreed that
Molex's global presence and manufacturing capabilities will give
both companies the opportunity for faster growth.
"Our capabilities complement each other," she said. "Together,
we are confident we can become a major force in the rapidly
expanding global medical electronics market."
Affinity Medical Technologies was founded in 1997. It will
operate as a subsidiary of Molex Incorporated and will be part of
the company's Cable Products Group within the Global Integrated
Products Division.
B. Riley & Co., LLC acted as exclusive financial advisors to
Affinity Medical Technologies. B. Riley & Co., LLC is a leading
independent investment bank that provides a full array of corporate
finance, research, and sales and trading services to institutional
clients.
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, medical, military, lighting and solar.
Established in 1938, the company operates 41 manufacturing
locations in 16 countries.
Molex is a registered trademark of Molex Incorporated.
FOR INFORMATION:
Investor Contact: Steve Martens Editorial Contact: Gregg Voss
Vice President, Investor Relations Corporate Communications Manager
Molex Incorporated Molex Incorporated
630-527-4344 630-527-4262
steve.martens@molex.com gregg.voss@molex.com
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