Amphenol Corporation Completes Acquisition of CIT Business From Carlisle
21 Maggio 2024 - 10:15PM
Business Wire
Amphenol Corporation (NYSE: APH) today announced it had
completed the acquisition of the Carlisle Interconnect Technologies
(CIT) business from Carlisle Companies Incorporated (NYSE:
CSL).
“The acquisition of CIT enhances Amphenol’s product offerings
for highly engineered harsh environment interconnect solutions and
will enable us to deliver a more comprehensive technology offering
for our customers in the commercial air, defense and industrial
markets,” said Amphenol President and Chief Executive Officer, R.
Adam Norwitt. “We are excited to welcome CIT’s talented employees
to the Amphenol family and look forward to working together with
them to drive outstanding operating performance.”
As previously announced, the CIT business is expected to have
full-year 2024 sales and adjusted EBITDA margin of approximately
$900 million and 20%, respectively. Amphenol expects the CIT
business to be approximately $0.02 accretive to 2024 earnings per
share, which excludes acquisition-related expenses. Once the
Company’s recently announced 2-for-1 stock split is effective, this
would translate to accretion of approximately $0.01 per share in
2024.
About Amphenol
Amphenol Corporation is one of the world’s largest designers,
manufacturers and marketers of electrical, electronic and fiber
optic connectors and interconnect systems, antennas, sensors and
sensor-based products and coaxial and high-speed specialty cable.
Amphenol designs, manufactures and assembles its products at
facilities in approximately 40 countries around the world and sells
its products through its own global sales force, independent
representatives and a global network of electronics distributors.
Amphenol has a diversified presence as a leader in high-growth
areas of the interconnect market including: Automotive, Broadband
Communications, Commercial Aerospace, Defense, Industrial,
Information Technology and Data Communications, Mobile Devices and
Mobile Networks. For more information, visit www.amphenol.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements may contain words and
terms such as: “anticipate,” “could,” “believe,” “continue,”
“expect,” “estimate,” “forecast,” “ongoing,” “project,” “seek,”
“predict,” “target,” “will,” “intend,” “plan,” “look ahead,”
“optimistic,” “potential,” “guidance,” “may,” “should,” or “would”
and other words and terms of similar meaning. Forward-looking
statements by their nature address matters that are, to different
degrees, uncertain, such as statements about expected 2024 CIT
sales and adjusted EBITDA margin as well as expected 2024 accretion
related to the CIT acquisition. These statements are only
predictions, and such forward-looking statements are based on
current expectations and involve inherent risks and uncertainties,
including factors that could delay, divert or change any of them,
and could cause actual outcomes and results to differ materially
from current expectations. No forward-looking statement can be
guaranteed. Risks and uncertainties include, but are not limited
to, unanticipated difficulties relating to the CIT acquisition, the
response of business partners and competitors to the announcement
of the closing of the transaction, potential disruptions to current
plans and operations and/or potential difficulties in employee
retention as a result of the closing of the CIT transaction. The
foregoing list of risk factors is not exhaustive. Forward-looking
statements in this press release should be evaluated together with
the many uncertainties that affect Amphenol’s business,
particularly those identified in the risk factor discussion in
Amphenol’s Annual Report on Form 10-K for the year ended December
31, 2023, as well as other documents that may be filed by Amphenol
with the SEC. Amphenol does not undertake any obligation to
publicly update any forward-looking statement, whether as a result
of new information, future events or otherwise. The forward-looking
statements made in this communication relate only to events as of
the date on which the statements are made.
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version on businesswire.com: https://www.businesswire.com/news/home/20240521503933/en/
Sherri Scribner Vice President, Strategy and Investor Relations
203-265-8820 IR@amphenol.com
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