Add-on acquisition Apr 2010 Verified
J.T. Packard and PMA AG as Strategic Add-ons
The CEO describes the acquisitions of J.T. Packard and PMA AG as strategic investments that enhance the company's electrical products and services portfolio, indicating they are add-on acquisitions to support growth initiatives.
“We also delivered against our strategic growth initiative by acquiring J. T. Packard in late January and PMA AG in early April. Both businesses are leaders in their markets and enhance our global industrial and commercial electrical products and services portfolio.”
Entities
J.T. Packard & Associates · Target PMA AG · Target Thomas & Betts Corporation · Acquirer
Electrical Sentiment: Positive
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