UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 15, 2013
AMPHENOL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
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1-10879 |
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22-2785165 |
(State or other jurisdiction of) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
Incorporation) |
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358 Hall Avenue, Wallingford, Connecticut |
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06492 |
(Address of principal executive offices) |
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Registrants telephone number, including area code (203) 265-8900
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
In November 2013, Amphenol Corporation (Amphenol) entered into a definitive agreement to acquire the Advanced Sensors Business of GE (NYSE: GE) for approximately $318 million (subject to a post closing working capital adjustment). The sale is subject to certain regulatory approvals and other customary closing conditions and is expected to close prior to year end.
A copy of the press release issued by Amphenol dated November 15, 2013 announcing this transaction is included herein as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release dated November 15, 2013
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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AMPHENOL CORPORATION | |
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By |
/s/ Diana G. Reardon |
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Diana G. Reardon |
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Executive Vice President |
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and Chief Financial Officer |
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Date: November 15, 2013 |
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Exhibit 99.1
Amphenol |
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News Release |
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World Headquarters |
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358 Hall Avenue |
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P. O. Box 5030 |
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Wallingford, CT 06492-7530 |
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Telephone (203) 265-8900 |
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FOR IMMEDIATE RELEASE |
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For Further Information: |
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Diana G. Reardon |
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Executive Vice President and |
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Chief Financial Officer |
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203-265-8630 |
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www.amphenol.com |
AMPHENOL CORPORATION TO ACQUIRE THE ADVANCED SENSORS BUSINESS OF GE
Wallingford, Connecticut. November 15, 2013. Amphenol Corporation (NYSE: APH) announced today that it has entered into a definitive agreement to acquire the Advanced Sensors Business of GE (NYSE: GE) for approximately $318 million (subject to a post closing working capital adjustment). The sale is subject to certain regulatory approvals and other customary closing conditions and is expected to close prior to year end.
Advanced Sensors (AS), headquartered in St. Marys, Pennsylvania, is a supplier of highly engineered sensors and sensor-based instruments. AS sells its products primarily to the transportation and automotive, medical and other industrial markets. AS has facilities in North America, Europe and Asia and employs approximately 1,600 people worldwide.
We are extremely pleased by the prospect of adding Advanced Sensors to the Amphenol family upon receipt of necessary regulatory approvals, said R. Adam Norwitt, Amphenols President and CEO. We believe that AS sensor and sensor-based product offerings are uniquely complementary to our core interconnect offering, and represent a significant long-term expansion opportunity driven by the increased use of both technologies in supporting electronics functionality across a broad set of applications and markets. We look forward in particular to the potential to deliver additional value-added solutions to our customers across a wide array of end markets.
In addition, we are excited about the possibilities created by the prospects of the combination of Amphenols strong operating discipline and AS leading technology, and we look forward to working in partnership with AS experienced management team. Consistent with our acquisition strategy and assuming a continuation of current economic conditions, we expect the AS acquisition to be accretive to earnings per share in the first year post acquisition.
Amphenol will provide further information regarding the AS acquisition at its regularly scheduled quarterly earnings call to discuss Fourth Quarter and Full Year 2013 earnings scheduled for January 22, 2014.
Amphenol Corporation is one of the worlds largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems, antennas and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in the Americas, Europe, Asia, Australia and Africa 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, Industrial, Information Technology and Data Communications, Military, Mobile Devices and Mobile Networks.
Statements in this press release which are other than historical facts are intended to be forward-looking statements within the meaning of the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and other related laws. While Amphenol believes such statements are reasonable, the actual results and effects could differ materially from those currently anticipated. Please refer to Part I, Item 1A of Amphenols Form 10-K for the year ended December 31, 2012, for some factors that could cause the actual results to differ from estimates. In providing forward-looking statements, Amphenol is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise.