Davis Polk is advising TE Connectivity Ltd. in connection with its $490 million acquisition of the SEACON group. The transaction, which is expected to close before the end of September 2014, is subject to certain regulatory approvals and other closing conditions.
TE Connectivity designs and manufactures products at the heart of electronic connections for the world’s leading industries, including automotive, energy and industrial, broadband communications, consumer devices, health care, and aerospace and defense. The SEACON group serves the military marine and sub-sea sectors for remotely operated vehicles and autonomous underwater vehicles with oil and gas, environmental and oceanographic applications.
The Davis Polk corporate team includes partner William H. Aaronson and associates Brian Wolfe and Michael Crowley. Partner Jeffrey P. Crandall and associate Gillian Emmett Moldowan are providing executive compensation advice. Counsel Stephen M. Pepper is providing antitrust and competition advice. Counsel Hayden S. Baker is providing environmental advice. Associate Pritesh P. Shah is providing intellectual property advice. All members of the Davis Polk team are based in the New York office.