SCHAFFHAUSEN, Switzerland — TE Connectivity Ltd. (NYSE: TEL) today announced that it has entered into an agreement to sell its Touch Solutions business to The Gores Group for $380 million. The Company has also agreed to sell its TE Professional Services (TPS) business to BlueStream Professional Services, LLC, an affiliate of KGP Logistics, for $23.5 million. The sale of Touch Solutions is subject to customary regulatory approvals. Both transactions are expected to close in the Company's third fiscal quarter of 2012.
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