TE Connectivity buys EV charging inlet business from Phoenix Contact
TE Connectivity has acquired a major portion of Phoenix Contact E-Mobility's charging inlet manufacturing business to strengthen its ability to serve global automotive customers.
- 2026
What Happened
TE Connectivity, a global leader in connectors and sensors, has executed a strategic transaction to acquire a significant portion of Phoenix Contact E-Mobility's business that manufactures charging inlets for electric vehicles. The deal strengthens TE's ability to serve key automotive customers and supports its long-term growth objectives. Financial terms were not disclosed.
“This agreement supports our focus on delivering advanced connectivity solutions that are essential to next-generation vehicle platforms. It strengthens our ability to support our core customers with continuity and reinforces our position in Europe.”
The acquisition responds to Phoenix Contact E-Mobility's announced exit from the automotive sector, allowing TE to offer continuity of supply to major OEM programs. TE anticipates that the acquired asset will contribute to revenue in fiscal year 2026, with incremental benefits over the next several years. The company will integrate the technologies through collaboration with Phoenix Contact and customer teams to ensure a seamless transition.
Why this matters
This acquisition ensures continuity of supply for EV charging components and strengthens TE Connectivity's position in the European e-mobility market, supporting the growing demand for electric vehicles.
Terms in This Story
- charging inlet
- The port on an electric vehicle where the charging cable is plugged in to recharge the battery.
- e-mobility
- A broad term for electric transportation, including electric vehicles and their supporting infrastructure.
- OEM
- Original Equipment Manufacturer; a company that produces parts or vehicles that are sold under another company's brand.
Summarised from the linked release; details can be imperfect — always verify against the original source.