Molex to Acquire Laird Connected Vehicle Solutions Division

Laird CVS specializes in the design, development and delivery of vehicle antenna systems, smart device integration and vehicle connectivity devices.

These solutions will enhance Molex’s capabilities and support the development of agile connected vehicle technology ecosystems featuring the innovative 10Gbps Ethernet backbone for automotive OEMs building next-generation, intelligent vehicles.

“There is tremendous demand for seamless end-to-end network integration across hardware, software and services in the automotive industry,” said Tim Ruff, senior vice president, Molex Business Development. “Laird CVS expands our geographic reach and strengthens our ability to support automotive OEMs seeking to introduce future-ready vehicles with critical functionality while still containing costs. It aligns with our strategy to provide groundbreaking solutions for a growth market.”.

Jones Day acted as Molex’s legal advisor and Evercore served as financial advisor. For Advent, Weil Gotschal acted as legal advisor and Goldman Sachs and Citibank as financial advisors.