Molex Inc. (MOLX, MOLXA) announced that it has completed the acquisition of China-based Zhenjiang Tean Telecom & Appliance Co. Ltd. Tean Telecom & Appliance Co. Ltd. will operate as a subsidiary of Molex Incorporated and will be part of the company's Global Integrated Products Division.
The company said it is a strategic acquisition that will help Molex boost its share of the global market for RF and microwave interconnection systems.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.