MOLX » Topics » Acquisitions and Investments

These excerpts taken from the MOLX 10-K filed Aug 6, 2008.
Acquisitions and Investments
 
Our strategy to provide a broad range of connectors requires a wide variety of technologies, products and capabilities. The rapid pace of technological development in the connector industry and the specialized expertise required in different markets make it difficult for a single company to organically develop all of the required products. Though a significant majority of our growth has come from internally developed products, we will seek to make future acquisitions or investments where we believe we can stimulate the development of, or acquire, new technologies and products to further our strategic objectives and strengthen our existing businesses.
 
On July 19, 2007, we completed the acquisition of a U.S.-based company in an all cash transaction approximating $42.5 million. We recorded goodwill of $23.9 million in connection with this acquisition. The purchase price allocation for this acquisition is substantially complete.
 
On August 9, 2006, we completed the acquisition of Woodhead Industries, Inc. (Woodhead) in an all cash transaction valued at approximately $238.1 million, including the assumption of debt and net of cash acquired. Woodhead develops, manufactures and markets network and electrical infrastructure components engineered for performance in harsh, demanding and hazardous industrial environments. The acquisition was a significant step in our strategy to expand our products and capabilities in the global industrial market.
 
Acquisitions and
Investments



 



Our strategy to provide a broad range of connectors requires a
wide variety of technologies, products and capabilities. The
rapid pace of technological development in the connector
industry and the specialized expertise required in different
markets make it difficult for a single company to organically
develop all of the required products. Though a significant
majority of our growth has come from internally developed
products, we will seek to make future acquisitions or
investments where we believe we can stimulate the development
of, or acquire, new technologies and products to further our
strategic objectives and strengthen our existing businesses.


 



On July 19, 2007, we completed the acquisition of a
U.S.-based
company in an all cash transaction approximating
$42.5 million. We recorded goodwill of $23.9 million
in connection with this acquisition. The purchase price
allocation for this acquisition is substantially complete.


 



On August 9, 2006, we completed the acquisition of Woodhead
Industries, Inc. (Woodhead) in an all cash transaction valued at
approximately $238.1 million, including the assumption of
debt and net of cash acquired. Woodhead develops, manufactures
and markets network and electrical infrastructure components
engineered for performance in harsh, demanding and hazardous
industrial environments. The acquisition was a significant step
in our strategy to expand our products and capabilities in the
global industrial market.


 




This excerpt taken from the MOLX 10-K filed Aug 3, 2006.

Acquisitions and Investments


Our strategy to provide a broad range of connectors requires a wide variety of technologies, products and capabilities.  The rapid pace of technological development in the connector industry and the specialized expertise required in different markets make it difficult for a single company to organically develop all of the required products.  Though a significant majority of our growth has come from internally developed products we will seek to make future acquisitions or investments where we believe we can stimulate the development of, or acquire, new technologies and products to further our strategic objectives and strengthen our existing businesses.  


On June 30, 2006 we entered into a merger agreement with Woodhead Industries, Inc. (NASDAQ: WDHD), pursuant to which we intend to acquire Woodhead.  Woodhead develops, manufactures and markets network and electrical infrastructure products engineered for performance in harsh, demanding, and hazardous industrial environments.  Completion of the transaction is subject to the terms and conditions of the merger agreement.  For additional information, please refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations-Financial Highlights.”


This excerpt taken from the MOLX 10-K filed Sep 12, 2005.

Acquisitions and Investments

Molex’s strategy to provide a broad range of connectors requires a wide variety of technologies, products and capabilities. The rapid pace of technological development in the connector industry and the specialized expertise required in different markets make it difficult for a single company to organically develop all of the required products. Thus, Molex makes selective acquisitions primarily to gain new products or greater access to markets.

Molex will seek to make future investments or acquisitions where it believes that it can stimulate the development of, or acquire, new technologies and products to further its strategic objectives and strengthen its existing businesses. However, the source for a significant majority of the Company’s growth has come from internally developed products and not acquisitions.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki