Thomas & Betts Completes Acquisitions of Power Solutions, Joslyn Hi-Voltage, and DTS

Thomas & Betts completed acquisitions totaling approximately $300 million in July 2007, funded from available cash. The acquired businesses include Power Solutions, Joslyn Hi-Voltage, and DTS, which are being integrated into the Electrical segment.

“Third quarter 2007 net sales were $552.7 million, up 16.8 percent compared to $473.4 million in the prior-year period. Net sales were positively impacted by $33.6 million related to acquisitions completed in July 2007.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.