Molex

This article is about Molex LLC company. For their connectors, see Molex connector.
Molex Incorporated
Subsidiary of Koch Industries
Industry Electronics
Founded 1938
Headquarters Lisle, Illinois, United States
Products Electrical connectors, Molex connector, Optical fiber connectors, Switches
Revenue $3.6bn (June 30, 2013) [1]
$243m (June 30, 2013) [2]
Number of employees
 36,000 [3]
Parent Koch Industries
Website www.molex.com

Molex Incorporated is a manufacturer of electronic, electrical and fiber optic interconnection systems. Molex offers over 100,000 products, across a variety of industries; Aerospace & Defense, Automotive, Alternative Energies, Consumer/Home Appliances, Commercial Vehicles, Data/Computing, Industrial Automation, Industrial Electrical, Medical, Scientific, Smartphones and Mobile Devices, Solid State Lighting and Telecoms/Networking.

History

The company began by making flowerpots out of an industrial byproduct plastic called Molex. Later they made connectors for General Electric and other appliance manufacturers out of the same plastic.[4] Molex acquired Woodhead Industries in 2006;[5] the largest acquisition in the former's history.

Molex was instrumental in the development of the first car radio, the first cellular phone and the first HDTV. [6]

On February 14, 2005, Molex announced its results for the six months ended December 31, 2004, that reflect certain adjustments to its results of operations for the first fiscal quarter ended September 30, 2004.[7] In March, 2005, a class action lawsuit against Molex Inc. and certain of its officers and directors for artificially inflating the market price through materially false and misleading statements was announced.[8] In 2007, a settlement of $10.5 million fund plus interest was reached.[9]

In 2009, Hermann Simon mentioned this company as an example of a "Hidden Champion".[10]

In September 2013, Koch Industries purchased Molex for $7.2 billion.[11] Koch indicated Molex will retain its company name and headquarters in Lisle, Illinois and be run as a subsidiary.[12][13]

References

  1. ↑ http://www.molex.com/mx_upload/editorial/1466/20131209_koch-molex-final.pdf
  2. ↑ http://www.molex.com/mx_upload/editorial/1390/FY13Q4_pr.pdf
  3. ↑ http://www.molex.com/molex/pressRoom/ShowPressRoomCorporate.action
  4. ↑ http://www.reed-electronics.com/eb-mag/index.asp?layout=articlePrint&articleID=CA6279564#Molex
  5. ↑ "Molex Completes Acquisition of Woodhead Industries".
  6. ↑ http://www.molex.com/molex/about/about-us-who-we-serve.jsp
  7. ↑ "Molex Announces Preliminary 2005 Fiscal Second Quarter and Six Month Results; Provides Guidance for Third and Fourth Fiscal Quarters".
  8. ↑ "Class-action suit filed vs Molex".
  9. ↑ "Class-action suit filed vs Molex:Outcome".
  10. ↑ Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009.- ISBN 978-0-387-98147-5.
  11. ↑ Denis Cosnard, Les "infâmes frères Koch" s'offrent un nouveau grand nom de l'industrie, Le Monde, 10.09.2013
  12. ↑ "Molex jumps 32% on Koch Industries' $7.2B takeover". Chicago Tribune. Reuters. September 9, 2013.
  13. ↑ "Koch Industries buying electronics maker Molex for $7.2 billion". Los Angeles Times. September 9, 2013.
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