Thomas & Betts Acquires AmbiRad Group

Thomas & Betts Corporation completed the acquisition of the AmbiRad Group, a privately held U.K. manufacturer of specialty HVAC products, for approximately £18 million or $30 million in cash during the third quarter of 2011. The acquisition contributed $11.8 million to HVAC segment sales in the quarter.

“The current quarter acquisition of the AmbiRad® Group, a privately held U.K. manufacturer of specialty HVAC products, contributed $11.8 million to year-over-year sales growth.”

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