Molex Electronic Technologies has completed the acquisition of the Connected Vehicle Solutions (“CVS”) division of Laird Limited, owned by funds managed by Advent International.
In September, the company had announced an agreement to acquire CVS, which specializes in the design, development and delivery of vehicle antenna systems, smart device integration and vehicle connectivity devices.
Through the acquisition, Molex continues a strategic expansion and builds on existing capabilities to serve customers developing agile connected vehicle technologies integrating the Molex 10Gbps Automotive Ethernet Network Platform and other connected mobility solutions.
A trusted partner to some of the world’s leading automotive OEMs, Laird CVS brings expertise and custom-engineered solutions designed to streamline and transform vehicle connectivity.
Laird CVS offers a full range of solutions from single function asset-tracking antennas up to complex multiband smart antennas with integrated cellular, Wi-Fi and Bluetooth modems, GPS receivers, and vehicle networking. All of these capabilities can be further integrated into M2M devices that add control electronics and firmware.
Source: Press Release