TE Connectivity Sells Professional Services Group

TE Connectivity agreed to sell its TE Professional Services (TPS) business to BlueStream Professional Services, LLC, an affiliate of KGP Logistics, for $23.5 million. TPS, acquired as part of TE's acquisition of ADC in December 2010, has been reported in the Telecom Networks business of TE's Network Solutions segment. TPS is a provider of engineering, furnishing and installation services to communication service providers. TE reported sales of $121 million in fiscal 2011 for the TPS business.
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