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TE Connectivity Acquires Charging Inlet Assets From Phoenix Contact
TE Connectivity has acquired the EV charging inlet manufacturing segment of Phoenix Contact E-Mobility GmbH. This acquisition allows TE Connectivity to expand its role in the electric vehicle market, particularly in vehicle-side charging inlet components, as Phoenix Contact exits the automotive sector. The deal is expected to enhance TE Connectivity’s product portfolio, support its growth objectives in e-mobility, and contribute to revenue by fiscal year 2026.