Sign in Subscribe
Telecommunications equipment industry

Harris Corporation Expands Telecommunications Presence with Acquisition of Triplett Corporation

Strategic Insights

— 1 min read

Harris Corporation, a leading technology company, has announced its second acquisition within as many months to strengthen its position in the global market for telecommunications test equipment. The company has acquired Ohio-based Triplett Corporation's cellular and telecommunications businesses, enabling Harris to provide test systems and equipment for the wireless telecommunications market for the first time. This strategic move allows Harris to expand its product line and enter the growing wireless market, which is increasing at a rate of 30% per year. The acquisition will also bring in Triplett's expertise in designing, developing, and manufacturing telecommunications test equipment for analog and digital cellular telecommunications.

Key Takeaways:

  • Harris Corporation has acquired Ohio-based Triplett Corporation's cellular and telecommunications businesses, expanding its product line and entering the wireless market.
  • The acquisition enables Harris to provide test systems and equipment for the wireless telecommunications market for the first time.
  • Triplett employees associated with the cellular and telecommunications product areas will become part of Harris Dracon, while those working in the industrial instrumentation area are unaffected.
  • Triplett designs, develops, and manufactures telecommunications test equipment for analog and digital cellular telecommunications and traditional copper-based systems.
  • The cellular test products will enable Harris to enter the wireless market, a significant opportunity for the company.
  • Harris' Dracon Division, a world leader in interactive telephone-line test systems, has acquired North Carolina-based Micro Computer Systems Inc. in the past month.
  • Harris' global sales exceed $3.4 billion, with a focus on four major businesses: electronic systems, communications, semiconductors, and Lanier Worldwide office equipment.

Statistics:

  • Harris Corporation's sales exceed $3.4 billion.
  • The wireless telecommunications market is growing at a rate of 30% per year.
  • The acquisition of Triplett Corporation's cellular and telecommunications businesses marks Harris' second acquisition in as many months.

Sources:

  • PR Newswire
  • Harris Corporation (NYSE: HRS)
  • Triplett Corporation
  • ISO 9001
  • http://www.harris.com/ (Harris Corporation's World Wide Web address)

Read more