TE Connectivity acquires charging inlets business from Phoenix Contact E-Mobility

Acquisition EV Charging announced Mar 2, 2026

operating

Stage

charging inlets business

Project

TE Connectivity has finalised a strategic asset deal to acquire key parts of Phoenix Contact E-Mobility's e-mobility unit, including the business for charging inlets used in electric vehicles.

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Counterparts (2)

Buyer

TE Connectivity

company

TE Connectivity is a global industrial technology leader that designs and manufactures a broad range of connectivity and sensor solutions. They provide critical components for various infrastructure sectors, enabling power distribution, data transmission, and sensing capabilities in harsh environments. Their products are essential for the reliability and efficiency of modern infrastructure systems.

Seller

Phoenix Contact E-Mobility

company

Phoenix Contact E-Mobility is a division of the global Phoenix Contact group, specializing in the development and manufacturing of components and solutions for electric vehicle charging infrastructure. They provide AC and DC charging cables, charging controllers, and other essential components for a wide range of e-mobility applications, from private charging to public fast-charging stations. Their core focus is on enabling the global expansion of sustainable e-mobility through innovative, reliable, and standardized technology.

Deal Analysis

TE Connectivity has announced a strategic asset deal to acquire the charging inlets business from Phoenix Contact E-Mobility. This acquisition, announced on 2026-03-02, specifically targets a key component within the electric vehicle charging ecosystem. While the financial value of the transaction remains undisclosed, this move positions TE Connectivity to strengthen its product portfolio and market presence in the rapidly expanding EV charging technology sector. For TE Connectivity, this acquisition represents a strategic expansion into a critical segment of the e-mobility supply chain, enhancing its capabilities in providing essential components for electric vehicles. Conversely, Phoenix Contact E-Mobility's divestment of this specific business unit suggests a potential strategic realignment, allowing the company to streamline its operations or focus on other core competencies within its broader e-mobility offerings. The deal underscores the ongoing consolidation and specialization occurring within the dynamic EV charging market, as companies seek to optimize their positions and product offerings. This transaction highlights the strategic importance of securing and expanding market share in foundational EV components. The focus on charging inlets, a vital interface for EV charging, indicates a targeted effort by TE Connectivity to capitalize on the increasing demand for reliable and high-performance charging infrastructure as global EV adoption accelerates.

Acquisition of the charging inlets business from Phoenix Contact E-Mobility.
Strategic asset deal in the EV charging technology sector.
Involves TE Connectivity as buyer and Phoenix Contact E-Mobility as seller.
Value undisclosed, typical for focused asset transactions.

Source Intelligence

KEY DETAILS

TE Connectivity is described as a "US-based supplier" and a "Switzerland-based group headquartered in Schaffhausen". Quote: "The US-based supplier is acquiring key parts..." and "According to the Switzerland-based group headquartered in Schaffhausen". The transaction does not cover the entirety of Phoenix Contact E-Mobility GmbH, specifically, charging cables and corresponding plugs will remain with Phoenix Contact. Quote: "The transaction does not cover the entirety of Phoenix Contact E-Mobility GmbH. TE is acquiring only the charging inlets business – namely the vehicle-side charging sockets. Charging cables and the corresponding plugs will remain with Phoenix Contact." Phoenix Contact E-Mobility has announced it will no longer supply automotive manufacturers and will withdraw from the automotive sector. Quote: "The e-mobility subsidiary has announced that it will no longer supply automotive manufacturers and will withdraw from the automotive sector." TE expects the acquired assets to contribute to revenue in the 2026 financial year. Quote: "TE expects the acquired assets to contribute to revenue in the 2026 financial year, with further effects anticipated in subsequent years." In January 2025, Phoenix Contact announced job reductions at its e-mobility subsidiary and opened the business to external investors, but the search for an investor in Phoenix Contact E-Mobility GmbH did not result in a transaction until this sale. Quote: "In January 2025, Phoenix Contact announced job reductions at its e-mobility subsidiary and, for the first time in its history, opened the business to external investors. However, the search for an investor in Phoenix Contact E-Mobility GmbH did not result in a transaction – until the charging inlets business was sold to TE Connectivity."

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Deal Size

The parties have not disclosed the financial details of the agreement.

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Financials

The parties have not disclosed the financial details of the agreement.

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Announcement

02.03.2026 - 16:45

PARTIES MENTIONED IN SOURCE

TE Connectivity buyer

"TE Connectivity has finalised a strategic asset deal with Phoenix Contact E-Mobility. The US-based supplier is acquiring key parts of the company’s e-mobility unit, including the business for charging inlets used in electric vehicles."

Phoenix Contact E-Mobility seller

high quality Enriched Mar 2, 2026

Timeline

Announced

Mar 2, 2026

Signed

Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Source

www.electrive.com

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