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An announcement from TE Connectivity ( (TEL) ) is now available.
TE Connectivity Ltd. is streamlining its management and business segments to closely align with its strategic direction, effective from the first quarter of fiscal 2025. The reconfiguration includes merging its Communications Solutions with Industrial Solutions and combining Appliance and Industrial into a new segment called Automation and Connected Living. The new structure will feature two main segments: Transportation Solutions, housing Automotive, Commercial Transportation, and Sensors businesses; and Industrial Solutions, encompassing Aerospace, Defense, and Marine, Medical, Energy, Digital Data Networks, along with the newly formed Automation and Connected Living.
For detailed information about TEL stock, go to TipRanks’ Stock Analysis page.
