Deutsch, a worldwide leading manufacturer of electrical connectors and hermetic relays, for Industry, Mil Aerospace and Transportation, announced January 16, 2008 that it has sold its Relays operations to STPI group (Paris, France).
The Deutsch Relays Division created in 1954 is a leading manufacturer in the markets of hermetic relays, sockets and electronic devices for Defense, Commercial aircrafts, Space and Transportation. In 2007, the Relays Division achieved annual sales of $35M.
STPI is a well-established manufacturer of hermetic relays with more than 50 years experience supplying to the European market. Through this acquisition, STPI will become a global leader within the Relays market segment with sales above $60M.
DEUTSCH, founded in the United States in 1938, is a global company employing approximately 3,500 people worldwide. Its main markets are in the United States and Europe, with two main operating Divisions, Deutsch Industrial (DI) and Deutsch Aerospace & Transportation (DAT). DEUTSCH is a world leader in the field of high performance connectors used in Industrial Vehicles, Mil Aero, Transportation and Oil & Gas, with global sales of more than $600M in 2007. In recent years, Deutsch’s innovation and focus on its clients have led to significant growth. STPI founded in Paris, France in 1955 employs approximately 190 people in France and Mauritius. STPI is a leading manufacturer of hermetically sealed relays used in Aeronautics, Defense, Space and Railway industries. Today STPI is mainly present in Europe and Asia.
