Reuters: Private Equity: TE Connectivity to sell touch, professional solutions units

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TE Connectivity to sell touch, professional solutions units Apr 10th 2012, 11:14 April 10 | Tue Apr 10, 2012 7:14am EDT April 10 (Reuters) - Electronic connector maker TE Connectivity Ltd said it will sell its touch solutions business to private equity firm Gores Group for $380 million. The business, which makes touch screens and touch computers, had revenue of $413 million in fiscal 2011. The company, formerly known as Tyco Electronics, also said it will sell its professional services business -- which provides engineering, furnishing and installation services to communication service providers -- to an affiliate of KGP Logistics for $23.5 million.

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