Molex Electronic Technologies, a global manufacturer of electronic solutions, has agreed to acquire the Connected Vehicle Solutions (CVS) division of Laird Limited, owned by funds managed by Advent International.

Laird CVS specializes in the design, development and delivery of vehicle antenna systems, smart device integration and vehicle connectivity devices.

Molex said these solutions will enhance its capabilities and support the development of agile connected vehicle technology ecosystems featuring the innovative 10Gbps Ethernet backbone for automotive OEMs building next-generation, intelligent vehicles.

“There is tremendous demand for seamless end-to-end network integration across hardware, software and services in the automotive industry,” said Tim Ruff, senior vice president, Molex Business Development. “Laird CVS expands our geographic reach and strengthens our ability to support automotive OEMs seeking to introduce future-ready vehicles with critical functionality while still containing costs. It aligns with our strategy to provide groundbreaking solutions for a growth market.”