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- Amphenol Corporation (NYSE:APH) has announced its ambitious move to acquire the Carlisle Interconnect Technologies (CIT) business from Carlisle Companies (NYSE:CSL) for a hefty sum of $2.025 billion in cold, hard cash.
- With this strategic acquisition, Amphenol Corp. is set to rev up its long-term growth in the commercial air, defense, and industrial markets, in a deal that comes with high expectations of enhancing the company’s performance in the first full year following the completion of the transaction.
- This blockbuster deal marks an important milestone for CIT, a global juggernaut specializing in providing harsh environment interconnect solutions to the commercial air, defense, and industrial sectors. The company is projected to notch up impressive sales of about $900 million by the year 2024, with an adjusted EBITDA margin of around 20%, according to company estimates.
- Following the bombshell announcement, APH shares are expected to take a slight hit of -3.30% in premarket trading, slipping to $98.1. This development underlines the magnitude of the deal, capturing the keen attention of investors and industry players alike.
- Source: Press Release
Deeper Dive into Amphenol and Carlisle
