Electrical-parts maker TE Connectivity (TEL) agrees to buy France's Deutsch Group, which...

|About: TE Connectivity Ltd. (TEL)|By:, SA News Editor

Electrical-parts maker TE Connectivity (TEL) agrees to buy France's Deutsch Group, which specializes in harsh-environment connections, for about $2.1B from French P-E firm Wendel (WNDLF.PK). The deal will boost TE's presence in the auto, aerospace, offshore oil-and-gas, and heavy-equipment sectors. (PR)