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Amphenol to acquire Advanced Sensors Business of General Electric for $318M

Amphenol Corporation (APH) announced that it has entered into a definitive agreement to acquire the Advanced Sensors Business of GE (GE) for approximately $318M. The sale is subject to certain regulatory approvals and other customary closing conditions and is expected to close prior to year end. AS sells its products primarily to the transportation and automotive, medical and other industrial markets. AS has facilities in North America, Europe and Asia and employs approximately 1,600 people worldwide.