This strategic acquisition aims to increase the presence of Molex solutions in the medical electronics, telecommunications, industrial and aerospace sectors globally.

“FCT Electronics Group is a perfect complement to Molex, leveraging our ability to offer customized connector and cable solutions to a broader customer base,” said Tim Ruff, senior vice president of Molex, responsible for business development and corporate strategy. He added, “FCT is renowned for its technology, service level, and product range and coverage. Its outstanding team of talented and experienced professionals has a long track record of success built on close customer relationships in diverse markets.”

Dan Schreck, president of FCT Electronics Group in the United States, predicted that Molex’s global sales and distribution network would enable both companies to grow more rapidly. “Molex has a reputation in our industry as a leading blue-chip manufacturer whose interconnect products are distinguished by their superior quality,” Schreck said. “Combining Molex’s resources with FCT’s unique position in several attractive emerging markets will benefit both our customers and employees.”

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