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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.