TE Connectivity has finalised a strategic asset agreement with Phoenix Contact E-Mobility to acquire parts of the company’s electric mobility unit, including its business for charging inlets used in electric vehicles.
The Switzerland-headquartered supplier said the acquisition will strengthen its ability to serve global automotive manufacturers and support its long-term growth strategy in vehicle electrification.
Under the agreement, TE Connectivity will acquire the charging inlets segment, which includes vehicle-side charging sockets. The remaining charging cable and plug business will continue to be operated by Phoenix Contact E-Mobility, which has indicated it will withdraw from supplying the automotive sector.
TE said the acquired business is positioned to support future revenue growth and help ensure continuity for existing automotive programmes as the EV market expands. Financial details of the transaction were not disclosed.
“This agreement supports our focus on delivering advanced connectivity solutions that are essential for next-generation vehicle platforms,” said Jean-Michel Renaudie. “It strengthens our ability to support our core customers with continuity and solidifies our position in Europe.”
The company expects the newly acquired assets to begin contributing to revenue during its 2026 financial year, with further impacts expected in subsequent years. TE added that it will integrate the acquired technologies through collaboration between engineering and commercial teams, alongside Phoenix Contact E-Mobility and customer partners.
Phoenix Contact had previously signalled changes to its e-mobility business. In January 2025, the company announced job reductions and opened its subsidiary to external investors for the first time. However, no investor transaction materialised before the sale of the charging inlets division to TE Connectivity.