Based in Pontiac, Michigan, TENA is a global supplier of battery cables and wire harnesses to the automotive and heavy truck industries. Serving OEM and Tier 1 customers, TENA provides design, engineering, manufacturing, testing and cross-border logistics. TENA’s strategic footprint includes engineering and sales in Pontiac, Michigan, low-cost manufacturing in Mexico, and a logistics warehouse in El Paso, Texas. This footprint positions the company to serve its customers as vehicle electrification increases and new in-vehicle features develop.
According to Angle Advisors, Angstrom appreciated TENA’s continued role in the ICE product space, as well as its transitional role on hybrid and electric vehicles. TENA, which now operates as Angstrom Electric, is well positioned for the long-term future under its new ownership in the ICE and EV spaces. Angstrom is a full-service supplier to automotive and industrial OEMs. Founded in 1999, Angstrom offers a diverse automotive product portfolio with vertically integrated manufacturing capabilities
“TENA is thrilled to embark on our new chapter with Angstrom as our new strategic partner. Angle Advisors’ ability to understand TENA’s business and weather the inflationary costs and supply chain headwinds experienced by TENA was vital to executing this successful transaction,” said Bill Zhuang, Former President. and CEO of TENA and current President and CEO of Angstrom Electric. . “Identifying a strategic partner such as Angstrom and distilling the many moving parts of TENA’s business highlighted Angle’s significant experience in the automotive industry and in complex and distressed transactions. .”
The acquisition strengthens Angstrom’s broad product portfolio, OEM/regional presence in North America and sales in Europe. Angstrom’s combination of operational excellence, complementary products and strong customer relationships is ideal for the future success of TENA, which continues to evolve with the demand for more electric vehicles.