Amphenol Pays $318M For GE Sensor Unit

Law360, New York (November 15, 2013, 2:40 PM EST) -- Electrical and fiber optic connector manufacturer Amphenol Corp. Friday said it will purchase General Electric Co.'s advanced sensors business for about $318 million.

Amphenol said in a Friday statement that the acquisition of Advanced Sensors, which supplies sensors and sensor-based instruments in an array of markets, including transportation, automotive and medical, brings together two companies with complementary products, signaling the potential for growth and prosperity on both sides.

"We believe that Advanced Sensors' sensor and sensor-based product offerings ... represent a significant long-term expansion opportunity driven...
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