Correction, 6/20/14, 2:27 p.m. EST: Due to an editing error, The Am Law Daily misidentified the headquarters of Measurement Specialties Inc. The company is based in Hampton, Va. while TE Connectivity is based in Switzerland. The fourth paragraph of this story has been updated accordingly. We regret the error.

TE Connectivity Ltd. on Wednesday said it would acquire Measurement Specialties Inc. in a $1.7 billion deal that is expected to enhance the sensor products of the newly combined company.