Molex [SEP] parent company
certain of its officers and directors for artificially inflating the market price through materially false and misleading statements was announced. In 2007, a settlement of $10.5 million fund plus interest was reached.
In 2009, Hermann Simon mentioned this company as an example of a "Hidden Champion".
In September 2013, Koch Industries purchased Molex for $7.2 billion. Koch indicated Molex will retain its company name and headquarters in Lisle, Illinois, and be run as a subsidiary.
In November 2016, Molex acquired the Wisconsin
Molex connector
Molex connector is the vernacular term for a two-piece pin and socket interconnection. Pioneered by Molex Connector Company, the two-piece design became an early electronic standard. Molex developed and patented the first examples of this connector style in the late 1950s and early 1960s. First used in home appliances, other industries soon began designing it into their products from automobiles to vending machines to mini-computers.
In such a connector, cylindrical spring-metal pins fit into cylindrical spring-metal sockets. The