Amphenol Buys Trexon for $1 Billion to Deepen Defense Portfolio

Amphenol Corp. said Monday it will acquire cable-assembly specialist Trexon from Audax Private Equity in an all-cash transaction valued at about $1 billion. The electronics manufacturer plans to fund the purchase with existing cash and expects the deal to add to earnings per share within the first year after closing, which is targeted for the fourth quarter. Chief Executive Officer Adam Norwitt said Trexon’s “unique portfolio of high-reliability cable assembly products” will complement Amphenol’s offerings for defense customers. Trexon, which operates facilities in the United States and the United Kingdom, is projected to generate roughly $290 million in sales next year with an EBITDA margin of 26%, according to Amphenol. The agreement extends Amphenol’s recent acquisition streak aimed at capturing rising military and data-center demand. In July the company announced a $10.5 billion deal for CommScope’s connectivity-and-cable solutions unit. Amphenol shares, which have gained more than 57% in 2025, were little changed in early trading following the Trexon announcement.