Amphenol will acquire Trexon for $1 billion in cash to expand its military product portfolio. Trexon specializes in connectivity products for various industries. Amphenol’s CEO sees Trexon’s offerings as complementary to their defense market presence. This acquisition follows Amphenol’s recent $10.5 billion deal with CommScope. Amphenol expects the acquisition to increase earnings per share in the first year. Trexon is projected to have $290 million in sales by 2025.

Read more at Yahoo Finance: Amphenol boosts defense portfolio with $1 billion buyout deal for Trexon