Molex bought the Taiwan-based AFlextech, that manufactures a variety of flexible circuits and assemblies that provide power and signal interconnect solutions in a unitized package. According to Todd Hester, Molex's Vice President and General Manager of the Printed Circuit Products unit of the Global Integrated Products Division, this is a strategic acquisition that will help Molex boost its share of the global flex circuit market. AFlextech, which was founded in 2003, has sales of approximately $25 million and has 300 employees. It will operate as a subsidiary of Molex Incorporated and will be part of the company's Global Integrated Products Division.